Suburb Profile Report for Forrest ACT (2603)

Forrest House: Median price $2,537,000, Annual capital growth 5.39%, Number of sales 20, Weekly median advertised rent $950

Forrest Unit: Median price $570,500, Annual capital growth 3.97%, Number of sales 29, Weekly median advertised rent $510

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Forrest has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.03%

Taking the average capital gain, or increase in median house value, Forrest,2603 has racked up an average of 11.03% over the period. This ranks it number 2024th in the whole country for real estate investors looking at median house price increases.

Renters in Suburb are facing rents around $11400 per annum or $950 every week.

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 -14.72%.

Over the longer term, Forrest has seen property prices show investors a -8.72% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Forrest should be aiming for at least -7.69% off the asking price, which is the average vendor discount being achieved at the moment.

Metrics i HOUSE UNIT
$2,537,000 $570,500
12.91% N/A
11.03% -14.72%
5.39% 3.97%
$950 $510
20 29
1.95% 4.65%
N/A 103.84

Source: CoreLogic

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