Property value increases in Black Forest have tracked just higher than the SA average of 3.24% over the last 12 months.
Taking the average capital gain, or increase in median house value, Black Forest,5035 has racked up an average of 6.77% over the period. This ranks it number 2620th in the whole country for real estate investors looking at median house price increases.
With the median price for a house in Black Forest being $710000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.44%
Black Forest is in the bottom 30% in SA when comparing median price capital growth over the last year. Black Forest gave property investors a disappointing capital gain figure when compared to the rest of the state, with -6.76%.
Across a shorter period, Black Forest, 5035 has seen a median price increase of -0.49% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Black Forest is offering property investors an average of -6.42. This rate of discount on properties puts Suburb at number 87th in terms of most discounted suburbs in SA
Often selling an investment property can take time, and in Black Forest the average time real estate has been on the market is 82.25 days.
A $282.5 per week rent on the median house gives suburb investors a gross yield of circa 4.84%, without taking into account capital value appreciation, which has been averaging out at 4.70%.