SA/
Black forest

Suburb Profile

Black Forest - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5035

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unit

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 11.15% for the past year.

Investors saw the median home price rise to $732,000.

Profits due to an upward trend in home prices in the suburb averaged 4.21% per annum over a 3-year period.

BLACK FOREST now ranks at the 79th 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 $460 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, 15 properties were sold in BLACK FOREST during the past year, making it the 394th most active market in SA based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $732,000 $313,750
GROWTH REPORT
Median Quarterly 4.95% 3.38%
Median 12 month 11.15% -3.54%
Median 3 years 12.62% 1.21%
Median 5 years 35.49% 2.87%
10 years average annual 6.03% 4.82%
Weekly media advert. rent $460 $285
Time on Market 0.0 days 40.4 days
Gross Rental Yield Percent 3.27% 4.72%
demographics (median values)
Total Population
1849
Weekly Household Income
973.7
Household Size
2.20
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