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 7.53% for the past year.
Investors saw the median home price rise to $750,000.
Profits due to an upward trend in home prices in the suburb averaged 7.32% per annum over a 3-year period.
BLACK FOREST now ranks at the 269th 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 $465 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, 19 properties were sold in BLACK FOREST during the past year, making it the 344th most active market in SA based on total real estate transactions.
BLACK FOREST ranks 158th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
BLACK FOREST, 5035 has a capital gain of -9.84% for the past year, which is lower than average compared to its -0.54% growth within a five-year period.
With the median home price in BLACK FOREST sitting at $275,000, and the average rent at $285, property owners could potentially earn a 5.39% increase in gross rental yield.
Property investors have seen a -7.72% drop in BLACK FOREST based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that BLACK FOREST, 5035 obtained a 1.55% growth over a ten-year period. It ranks 1380th on our list of suburbs that property investors should look into.