Suburb Profile Report for Forrest ACT (2603)

Forrest House: Median price $2,321,000, Annual capital growth 6.64%, Number of sales 15, Weekly median advertised rent N/A

Forrest Unit: Median price $695,000, Annual capital growth 4.46%, Number of sales 27, Weekly median advertised rent $505

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

Source: CoreLogic

  • House Report
  • Unit Report

Forrest has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 20.26% to date .

A 8.97% growth in median value for property investors in Forrest,2603 puts this suburb at number 48th in terms of best performing suburbs in ACT

At number 1543th in the list of Australian suburbs ordered by increase in median house value over the last year, Forrest, 2603 is in the BOTTOM 20% with a property value increase of -8.55% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Forrest,2603 has racked up an average of -8.55% over the period. This ranks it number 761th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Forrest is giving property investors an average Vendor Discount of around -2.71%. This puts suburb at number 35th in ACT when ranking the most discounted suburbs.

Forrest, 2603’s gross rental yield is 3.78%

HOUSE UNIT
$2,321,000 $695,000
0.04% 3.89%
20.26% -8.55%
6.64% 4.46%
N/A $505
15 27
N/A 3.78%
N/A 77.06

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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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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Recent sales & rentals