Suburb Profile Report for Forestville NSW (2087)

Forestville House: Median price $1,467,500, Annual capital growth 8.17%, Number of sales 89, Weekly median advertised rent $848

Forestville Unit: Median price $880,000, Annual capital growth 7.16%, Number of sales 20, Weekly median advertised rent $645

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 5.73% for the last 12 months, Forestville, 2087 has performed for property investments than its average annual 8.17% property growth over the last 5 years.

Forestville,2087 has offered an average of 5.73% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Forestville should be aiming for at least -5.30% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 89 properties changed hands in Forestville, which puts it as the 337th most active market in NSW when comparing the number of sales per suburb.

Situated 12.05km from the CBD, Forestville is one of Warringah localities in the postcode 2087.

Forestville, 2087 ranked 521th in NSW when comparing growth in median property values or capital gain over the last 12 months. Forestville is one of 3163 in our list for NSW

With the median price for a house in Forestville being $880000 and the advertised rent reaching $645 the gross rental yield for property investors calculates out to be 3.81%

HOUSE UNIT
$1,467,500 $880,000
2.44% N/A
5.73% -9.74%
8.17% 7.16%
$848 $645
89 20
3.00% 3.81%
42.82 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
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Demographics
Total population 7834
Median household income ($/weekly) 1731
Median age of persons 41
Median housing loan repayment ($/monthly) 2800
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1175 15.0
    35-44 years 1279 16.3
    45-54 years 1056 13.5
    55-64 years 738 9.4
    65-74 years 799 10.2
    Others 2787 35.6
    Age Group
    Census Count Percent(%)
    Registered Married 3378 59.8
    Not Married 2010 35.6
    Defacto Relationship 261 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5240 69.5
    Croatia 145 1.9
    Papua New Guinea 136 1.8
    United Kingdom 544 7.2
    Other 499 6.6
    Others 973 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 155 2.1
    Christianity 5167 71.4
    Islam 41 0.6
    Judaism 51 0.7
    No Religion 1771 24.5
    Others 54 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 213 8.8
    $1,500-$1,999 231 9.5
    $2,000-$2,499 219 9.0
    $2,500-$2,999 332 13.7
    $3,000-$3,499 214 8.8
    Others 1211 50.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2198 37.7
    Employed, worked full-time 2141 36.7
    Employed, worked part-time 1187 20.4
    Employed, away from work 190 3.3
    Unemployed, looking for work 114 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 580 16.5
    Professionals 1102 31.3
    Technicians & trades workers 404 11.5
    Clerical & administrative workers 540 15.4
    Sales 323 9.2
    Others 568 16.2
    Occupation
    Census Count Percent(%)
    Pre-school 236 11.8
    Infants/Primary 817 40.9
    Secondary 473 23.7
    Technical or Further Educational Institution 130 6.5
    University or other Tertiary Institutions 296 14.8
    Others 46 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6684 89.6
    Flat, unit or apartment 584 7.8
    Semi-detached, row or terrace house, townhouse 188 2.5
    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 1116 42.2
    Being purchased 952 36.0
    Rented 502 19.0
    Other tenure type 76 2.9
    Tenure Type
Census 2011, ABS
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