Property value increases in Black Forest have tracked higher than the SA average of 1.79% over the last 12 months.
Black Forest,5035 was ranked 710 in Australia by increase in median property value over the quarter.
Renters in Suburb are facing rents around $22880 per annum or $440 every week.
Over the last year, property investments in Black Forest, 5035 have given investors a capital gain of -9.85%. This compares very badly with the -0.89% for SA as a whole.
While Black Forest,5035 ranked number 84th in SA for increase in median house value (annualised) increase, it is ranked 26th over the last 5 years.
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%.