Suburb Profile Report for Forrest ACT (2603)

Forrest House: Median price $2,000,000, Annual capital growth 7.08%, Number of sales 20, Weekly median advertised rent $925

Forrest Unit: Median price $553,750, Annual capital growth 3.89%, Number of sales 31, Weekly median advertised rent $530

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3929th in the list of Australian suburbs ordered by increase in median house value over the last year, Forrest, 2603 is in the BOTTOM 10% with a property value increase of -11.11% recorded in median house prices.

Forrest,2603 has offered an average of -11.11% return per annum in house price rises to property investors over the last three years.

A $925 per week rent on the median house gives suburb investors a gross yield of circa 2.40%, without taking into account capital value appreciation, which has been averaging out at 7.08%.

At number 1687th in the list of Australian suburbs ordered by increase in median house value over the last year, Forrest, 2603 is in the BOTTOM 10% with a property value increase of -20.32% recorded in median house prices.

Across a shorter period, Forrest, 2603 has seen a median price increase of -2.94% over the last quarter.

Vendor discounting in Forrest is giving property investors an average Vendor Discount of around -6.81%. This puts suburb at number 3rd in ACT when ranking the most discounted suburbs.

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

Metrics i HOUSE UNIT
$2,000,000 $553,750
-4.49% -2.94%
-11.11% -20.32%
7.08% 3.89%
$925 $530
20 31
2.41% 4.98%
N/A 101.33

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