1 Forest Ave, Black Forest is a 1 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1358m2.
Best offer by 5th of February 2019
Here's a rare opportunity to own a group of ten units in the inner city suburb of Black Forest. Ideal for those looking to utilize their superannuation funds, develop and on sell, or for the astute investor. It would be rare to find other similar properties with the same density of dwellings.
These units have been owned by the family for many years and have given years of good rental return.
The size of Black Forest is approximately 0.7 square kilometres. It has 2 parks covering nearly 2.1% of total area. The population of Black Forest in 2011 was 1,998 people. By 2016 the population was 1,925 showing a population decline of 3.7% in the area during that time. The predominant age group in Black Forest is 20-29 years. Households in Black Forest are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Black Forest work in a professional occupation. In 2011, 61.2% of the homes in Black Forest were owner-occupied compared with 60.8% in 2016.
Black Forest has 951 properties. Over the last 5 years, Houses in Black Forest have seen a 79.68% increase in median value, while Units have seen a 60.98% increase. As at 31 July 2024:
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