If you compare the increase in value of investment property in Black Forest, 5035 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 1.79%.
Black Forest,5035 has offered an average of 1.79% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
Property value increases in Black Forest have tracked close to the SA average of 1.05% over the last 12 months.
A 16.52% growth in median value for property investors in Black Forest,5035 puts this suburb at number 26th in terms of best performing suburbs in SA
Renters in Suburb are facing rents around $15340 per annum or $295 every week.
Information supplied by:
Black Forest, SA – Unit values are consistent
Median unit price: $381,550
Three-year growth: -1.7%
Rental yield: 5.9%
An inner southern suburb of Adelaide, Black Forest is a hit with working professionals due to its proximity to the CBD and its accessibility via public transport.
Black Forest is bordered by the Glenelg Tramline, the Seaford railway line, South Road and East Avenue. Thus, the suburb is serviced by several tram stops, train stations and bus routes. There is a primary school in the suburb, and the grounds are adjacent to the Forest Avenue Reserve in the east. The streets are lined with trees, giving them a beautiful, leafy green look.
Values have remained fairly stagnant in the year to July 2019, with yields coming in at an average of 5.9%.