Suburb Profile Report for Black Forest SA (5035)

Black Forest House: Median price $710,000, Annual capital growth 5.26%, Number of sales 15, Weekly median advertised rent $448

Black Forest Unit: Median price $335,000, Annual capital growth 2.22%, Number of sales 10, Weekly median advertised rent $295

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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:




M
O

W
E

Black Forest, SA – Unit values are consistent

Postcode: 5035

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%.

Metrics i HOUSE UNIT
$710,000 $335,000
1.79% 1.52%
1.79% 0.00%
5.26% 2.22%
$448 $295
15 10
3.28% 4.58%
N/A N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Black Forest SA
Demographics
Total population 1998
Median household income ($/weekly) 1199
Median age of persons 37
Median housing loan repayment ($/monthly) 1797
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 203 10.2
    25-34 years 293 14.7
    35-44 years 317 15.9
    45-54 years 273 13.7
    55-64 years 249 12.5
    Others 664 33.2
    Age Group
    Census Count Percent(%)
    Not Married 714 45.9
    Registered Married 687 44.2
    Defacto Relationship 155 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1473 76.6
    Croatia 48 2.5
    Indonesia 45 2.3
    United Kingdom 78 4.1
    Other 90 4.7
    Others 188 9.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 1.7
    Christianity 1048 57.5
    Hinduism 35 1.9
    Islam 42 2.3
    No Religion 640 35.1
    Others 28 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 77 10.2
    $1,000-$1,249 79 10.4
    $1,500-$1,999 96 12.7
    $2,000-$2,499 72 9.5
    $2,500-$2,999 69 9.1
    Others 365 48.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 637 39.4
    Not in the labour force 498 30.8
    Employed, worked part-time 370 22.9
    Unemployed, looking for work 57 3.5
    Employed, away from work 55 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 133 12.5
    Professionals 321 30.2
    Technicians & trades workers 117 11.0
    Community & personal service workers 104 9.8
    Clerical & administrative workers 166 15.6
    Others 223 21.0
    Occupation
    Census Count Percent(%)
    Pre-school 33 6.2
    Infants/Primary 153 28.9
    Secondary 95 18.0
    Technical or Further Educational Institution 43 8.1
    University or other Tertiary Institutions 187 35.3
    Others 18 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1321 69.3
    Semi-detached, row or terrace house, townhouse 341 17.9
    Flat, unit or apartment 245 12.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 299 36.9
    Fully owned 254 31.4
    Being purchased 251 31.0
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
Chart Table