Over the last year, property investments in Forrest, 2603 have given investors a capital gain of 17.65%. This compares very favourably with the 5.43% for ACT as a whole.
Forrest,2603 has offered an average of 17.65% return per annum in house price rises to property investors over the last three years.
In the last year 19 properties changed hands in Forrest, which puts it as the 79th most active market in ACT when comparing the number of sales per suburb.
Forrest is in the bottom 10% in ACT when comparing median price capital growth over the last year. Forrest gave property investors a dismal capital gain figure when compared to the rest of the state, with -42.43%.
Taking the average capital gain, or increase in median house value, Forrest,2603 has racked up an average of -42.43% over the period. This ranks it number 1318th in the whole country for real estate investors looking at median house price increases.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.94% offered to property buyers. Sellers in Forrest itself are offering an average vendor discount of -4.56% to real estate investors.
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
Forrest is 44th on a list of best yielding suburbs for rents in ACT with a 4.69% return