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Black Forest
AREA REPORTS

Black Forest

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

house
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 14.88% for the past year.

Investors saw the median home price rise to $1,000,000.

Profits due to an upward trend in home prices in the suburb averaged 14.23% per annum over a 3-year period.

BLACK FOREST now ranks at the 322nd 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 $500 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, 27 properties were sold in BLACK FOREST during the past year, making it the 276th most active market in SA based on total real estate transactions.

Data report can be found below

Black Forest
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,000,000 $305,000
GROWTH REPORT
Median Quarterly 4.06% 0%
Median 12 month 14.88% 5.17%
Median 3 years 42.7% -1.61%
Median 5 years 49.25% 0%
10 years average annual 5.51% 0.69%
Weekly media advert. rent $500 $300
Time on Market 0.0 days 78.0 days
Gross Rental Yield Percent 2.6% 5.11%
demographics (median values)*
Total Population
6103
Weekly Household Income
1260
Household Size
2.20
Age
37
Monthly Loan Repayment
1600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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