Giving property investors a an average capital gain of 5.12% for the last year, Black Forest, 5035 is the 2108th highest performer in Australia in this respect.
Over the longer term, Black Forest has seen property prices show investors a 2.66% return over the last 3 years. This is an improvement over the last 12 months
With the median price for a house in Black Forest being $657000 and the advertised rent reaching $485 the gross rental yield for property investors calculates out to be 3.84%
Black Forest has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 18.92% to date .
Over the longer term, Black Forest has seen property prices show investors a 14.52% return over the last 3 years. This is an improvement over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.06% offered to property buyers. Sellers in Black Forest itself are offering an average vendor discount of -4.29% to real estate investors.
Often selling an investment property can take time, and in Black Forest the average time real estate has been on the market is 65.54 days.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of 6.41%, investors should hope to achieve an overall return of 4.56%