98 Burke StreetJulia Creek QLD 4823
Property Details for 98 Burke St, Julia Creek
Last Listing description (May 2022)
This is the perfect opportunity for a newcomers to sink their teeth into the accommodation business and take advantage of a high returning 23%+, high net profit of $230k. The 19 roomed freehold motel is located on one of the most traveled roads in North West Queensland and with drive tourism on the rise, you cant go wrong! Very easily operated by a couple in a friendly close knit township.
- Return on investment of 23.2%
- Easy to operate for a couple
- Spacious 3 bedroom manager's residence
- More land for further development and growth opportunities
- Recently added 8 rooms for worker accommodation, which will create further income
- Inground pool with it's own little camp kitchen
- Inspections are by appointment only
Property History for 98 Burke St, Julia Creek, QLD 4823
- 11 Oct 2021Listed for Sale $895,000
- 15 Apr 2016Sold for $67,500
- 06 Aug 2015Listed for Sale $120000.00
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About Julia Creek 4823
The size of Julia Creek is approximately 6,185.2 square kilometres. It has 9 parks. The population of Julia Creek in 2011 was 634 people. By 2016 the population was 486 showing a population decline of 23.3% in the area during that time. The predominant age group in Julia Creek is 50-59 years. Households in Julia Creek are primarily couples with children and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Julia Creek work in a managers occupation. In 2011, 56.2% of the homes in Julia Creek were owner-occupied compared with 56.2% in 2016.
Julia Creek has 365 properties. Over the last 5 years, Houses in Julia Creek have seen a 23.15% increase in median value. As at 31 October 2024:
- The median value for Houses in Julia Creek is $123,886 while the median value for Units is $292,591.
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