Black Forest (postcode 5035) is a small locality in South Australia within the Unley local government area. The area has roughly 1,982 residents and a settled mid-life population, with a median age of 39. Households earn a median income of $87K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Black Forest is $1.5 million, having declined steeply by 17.5% over the past year. The current median weekly rent is $558. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,733.
Black Forest is served by 1 school, including 1 primary. The average ICSEA score is 1108, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 5 bus stops. The crime rate in the Unley LGA is moderate at 4,238 incidents per 100,000 population.
From an investment perspective, Black Forest shows a gross rental yield of approximately 2.0%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 17.2x is considered stretched. House prices have moved -17.5% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.