Forrest, 2603 ranked 1st in ACT when comparing growth in median property values or capital gain over the last 12 months. Forrest is one of 126 in our list for ACT
When looking at the potential capital gains offered to property investors over the last 3 years, Forrest comes in at number 4th in ACT.
With the median price for a house in Forrest being $2980000 and the advertised rent reaching $950 the gross rental yield for property investors calculates out to be 1.66%
With a capital gain of -17.41% for the last 12 months, Forrest, 2603 has performed for property investments than its average annual 3.76% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Forrest,2603 has racked up an average of -17.41% over the period. This ranks it number 1554th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Forrest 2603 should be seeing an average reduction in asking price of around -7.69% . This means that Forrest is holding prices well when compared to other suburbs in ACT.
In the last year 30 properties changed hands in Forrest, which puts it as the 38th most active market in ACT when comparing the number of sales per suburb.
Advertised rents are around the $525 mark per week – giving a return of 4.94% based on the median price in Suburb