$420/week. Tenant locked in. 12-month lease signed.

At offers over $279,000, this three-bedroom home in Blackwater delivers a gross rental yield north of 7.8%. The numbers work from day one. Your tenant is already in place, paying $420 per week on a freshly signed 12-month lease. No vacancy gap. No waiting around for returns to kick in. You settle, and the rent keeps landing.

Why Blackwater – Blackwater sits at the centre of Queensland’s Bowen Basin coal region. With a population just under 5,000, rental demand stays consistently strong as workers, families, and essential service staff compete for limited housing stock. Properties in mining-adjacent towns like this have historically offered yields that metro investors can only dream about.

The Property – This is a straightforward, low-maintenance home with long term tenants who are very happy living there. Three bedrooms, a combined living and dining area, a functional kitchen with new stove and oven, solid bench and storage space, and a separate laundry. Four air-conditioning units keep the place comfortable through Central Queensland summers, which matters when you want tenants to stay long-term and look after the place.

A covered carport protects vehicles from the elements, and the 708m² block gives the property breathing room without creating a maintenance headache. The location is practical with Woolworths and the local school both a short walk away, which ticks the convenience boxes that tenants prioritise when choosing where to live.

– Purchase price: Offers over $279,000
– Current rent: $420 per week ($21,840/year)
– Gross yield: 7.8%
– Council rates: $3,356/year (subject to change)
– Water rates: $1,328/year (subject to change)
– Rental appraisal: $410 to $420 per week
– Lease status: 12-month lease in place

The Bottom Line – This is a performing asset with a tenant, a lease, and a yield that stacks up on paper and in practice. Properties like this don’t sit around forever, especially at this price point.

Call Robert Cox on 0422 841777 to arrange a private inspection.

Disclaimer: In preparing this information, we have used our best endeavours to ensure that the information contained herein is true and accurate, accept no responsibility, and disclaim all liability regarding any errors, omissions, inaccuracies or misstatements that may occur. Prospective buyers should make their enquiries to verify any information contained within. Please note some of the photos have been digital enhanced.