AREA REPORTS

Black Forest

Suburb Profile

Black Forest - FREE 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 4.17% 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 6.67% per annum over a 3-year period.

Because of this real estate investors could earn a rental income of $440 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 66.9 days.

In 2016, 24 properties were sold in BLACK FOREST during the past year, making it the 293rd most active market in SA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $750,000 $270,000
GROWTH REPORT
Median Quarterly N/A -1.82%
Median 12 month 4.17% -11.04%
Median 3 years 20% -1.28%
Median 5 years 17.19% -4.93%
10 years average annual 3.92% 1.57%
Weekly media advert. rent $440 $285
Time on Market 66.9 days 92.3 days
Gross Rental Yield Percent 3.05% 5.49%
demographics (median values)
Total Population
1849
Weekly Household Income
973.7
Household Size
2.20
demographics
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