ACT has seen average median house prices change by 6.14% which means that Forrest, 2603 has done well for property investors by showing a capital gain of 16.32% over the last year
Taking the average capital gain, or increase in median house value, Forrest,2603 has racked up an average of 16.32% over the period. This ranks it number 35th in the whole country for real estate investors looking at median house price increases.
With a capital gain of -10.85% for the last 12 months, Forrest, 2603 has performed for property investments than its average annual 4.69% property growth over the last 5 years.
Over the longer term, Forrest has seen property prices show investors a 13.69% 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 -3.57% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 30 properties changed hands in Forrest, which puts it as the 33th most active market in ACT when comparing the number of sales per suburb.