Suburb Profile Report for Forrest ACT (2603)

Forrest House: Median price $2,047,000, Annual capital growth 6.36%, Number of sales 19, Weekly median advertised rent N/A

Forrest Unit: Median price $586,000, Annual capital growth 3.60%, Number of sales 22, Weekly median advertised rent $530

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Forrest has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.23%

Forrest,2603 was ranked 3896 in Australia by increase in median property value over the quarter.

In the last year 19 properties changed hands in Forrest, which puts it as the 81th most active market in ACT when comparing the number of sales per suburb.

The ACT suburb of Forrest, 2603 is in the Unincorporated ACT local government area.

Property investors who have had real estate in Forrest, 2603 should be unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -26.47%

Forrest,2603 has offered an average of -26.47% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Forrest 2603 should be seeing an average reduction in asking price of around -5.93% . This means that Forrest is holding prices well when compared to other suburbs in ACT.

Property investors should expect to get $530 weekly from the median priced house in this suburb.

HOUSE UNIT
$2,047,000 $586,000
-7.25% -12.41%
-5.23% -26.47%
6.36% 3.60%
N/A $530
19 22
N/A 4.70%
N/A 119.15

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1468
Median household income ($/weekly) 2947
Median age of persons 42
Median housing loan repayment ($/monthly) 2500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 152 10.3
    25-34 years 189 12.9
    35-44 years 190 12.9
    45-54 years 232 15.8
    55-64 years 243 16.5
    Others 463 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 600 54.7
    Not Married 395 36.0
    Defacto Relationship 102 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1048 76.2
    Indonesia 21 1.5
    Papua New Guinea 34 2.5
    United Kingdom 65 4.7
    Other 50 3.6
    Others 157 11.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 2.5
    Christianity 842 63.3
    Hinduism 29 2.2
    Judaism 15 1.1
    No Religion 396 29.8
    Others 16 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 49 9.9
    $2,500-$2,999 92 18.7
    $3,000-$3,499 55 11.2
    $3,500 -$3,999 35 7.1
    $4,000 or more 145 29.4
    Others 117 23.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 608 51.5
    Not in the labour force 292 24.7
    Employed, worked part-time 206 17.5
    Employed, away from work 47 4.0
    Unemployed, looking for work 27 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 199 23.1
    Professionals 375 43.5
    Community & personal service workers 36 4.2
    Clerical & administrative workers 133 15.4
    Sales 46 5.3
    Others 73 8.5
    Occupation
    Census Count Percent(%)
    Pre-school 14 3.9
    Infants/Primary 98 27.1
    Secondary 107 29.6
    Technical or Further Educational Institution 13 3.6
    University or other Tertiary Institutions 125 34.6
    Others 4 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 861 64.4
    Flat, unit or apartment 329 24.6
    Semi-detached, row or terrace house, townhouse 146 10.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 193 36.8
    Being purchased 180 34.3
    Rented 152 29.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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