Suburb Profile Report for Forestville NSW (2087)

Forestville House: Median price $1,572,000, Annual capital growth 8.66%, Number of sales 84, Weekly median advertised rent $850

Forestville Unit: Median price $880,000, Annual capital growth 6.39%, Number of sales 22, Weekly median advertised rent $645

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

Source: CoreLogic

  • House Report
  • Unit Report

Forestville is in the TOP 30% in NSW when comparing median price capital growth over the last year. Forestville gave property investors a good capital gain figure when compared to the rest of the state, with 12.29%.

While Forestville,2087 ranked number 111th in NSW for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Forestville, 2087. Typically our figures indicate that -5.30% is being offered, which puts this NSW suburb at 2317th most discounted overall in Australia.

Often selling an investment property can take time, and in Forestville the average time real estate has been on the market is 59.9 days.

Forestville, 2087’s gross rental yield is 2.81%

Forestville is in the bottom 10% in NSW when comparing median price capital growth over the last year. Forestville gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.00%.

Taking the average capital gain, or increase in median house value, Forestville,2087 has racked up an average of -9.00% over the period. This ranks it number 69th in the whole country for real estate investors looking at median house price increases.

Situated 11.83km from the CBD, Forestville is one of Warringah localities in the postcode 2087.

Metrics i HOUSE UNIT
$1,572,000 $880,000
8.68% N/A
12.29% -9.00%
8.66% 6.39%
$850 $645
84 22
2.81% 3.81%
59.9 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), 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
Chart Table
Recent sales & rentals