Perth recovery takes COVID-19 hit
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
Subscribe to our newsletter
BLACK FOREST, 5035 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling BLACK FOREST, 5035 values up and netting property investors a capital gain of 1.92% for the past year.
Investors saw the median home price rise to $717,500.
Profits due to an upward trend in home prices in the suburb averaged 0.35% per annum over a 3-year period.
BLACK FOREST now ranks at the 243rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BLACK FOREST are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BLACK FOREST, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 13 properties were sold in BLACK FOREST during the past year, making it the 401st most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $717,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.71% | N/A |
| Median 12 month | 1.92% | N/A |
| Median 3 years | 1.06% | N/A |
| Median 5 years | 20.08% | N/A |
| 10 years average annual | 3.2% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.26% | N/A |
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
The Real Estate Institute of NSW has expressed serious concerns over news that some insurance companies are making things difficult for Aust...
Investors who are concerned they will be priced out of Sydney are being advised to look a little further out, with Sydney’s surrounding su...
The deadline for the mandatory registration of private pools and spas in Victoria has been extended due to the coronavirus pandemic. ...
Why Australians could be given $50,000, how to terminate a tenancy, and the need for a stamp duty plan: Here are some of the biggest stories...
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
