Suburb Profile Report for Forster NSW (2428)

Forster House: Median price $525,000, Annual capital growth 4.45%, Number of sales 311, Weekly median advertised rent $405

Forster Unit: Median price $380,000, Annual capital growth 3.51%, Number of sales 241, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Forster 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 14.13%

A 45.83% growth in median value for property investors in Forster,2428 puts this suburb at number 229th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Forster should be aiming for at least -4.72% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 311 properties changed hands in Forster, which puts it as the 18th most active market in NSW when comparing the number of sales per suburb.

A $405 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 4.45%.

With a capital gain of 18.75% for the last 12 months, Forster, 2428 has performed for property investments than its average annual 3.51% property growth over the last 5 years.

Over the longer term, Forster has seen property prices show investors a 28.81% return over the last 3 years. This is worse than over the last 12 months

Forster, 2428 is offering NSW ‘s 230th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

In the last year 241 properties changed hands in Forster, which puts it as the 48th most active market in NSW when comparing the number of sales per suburb.

Forster is 253th on a list of best yielding suburbs for rents in NSW with a 4.11% return

Metrics i HOUSE UNIT
$525,000 $380,000
6.06% -0.33%
14.13% 18.75%
4.45% 3.51%
$405 $300
311 241
4.01% 4.11%
98.01 96.14

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 13117
Median household income ($/weekly) 729
Median age of persons 53
Median housing loan repayment ($/monthly) 1500
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1358 10.4
    45-54 years 1577 12.0
    55-64 years 2003 15.3
    65-74 years 2091 15.9
    75-84 years 1532 11.7
    Others 4556 34.7
    Age Group
    Census Count Percent(%)
    Registered Married 5073 52.3
    Not Married 3856 39.7
    Defacto Relationship 780 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 10878 89.5
    Greece 65 0.5
    Papua New Guinea 128 1.1
    United Kingdom 541 4.5
    Other 143 1.2
    Others 399 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 0.7
    Christianity 9558 81.0
    Islam 30 0.3
    Other Religious Groups 29 0.2
    No Religion 2062 17.5
    Others 40 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 567 11.5
    $400-$599 1001 20.4
    $600-$799 789 16.1
    $800-$999 546 11.1
    $1,500-$1,999 391 8.0
    Others 1618 32.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5887 57.0
    Employed, worked full-time 2149 20.8
    Employed, worked part-time 1660 16.1
    Unemployed, looking for work 361 3.5
    Employed, away from work 271 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 517 12.7
    Professionals 705 17.3
    Technicians & trades workers 541 13.3
    Community & personal service workers 545 13.4
    Sales 591 14.5
    Others 1180 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 221 10.0
    Infants/Primary 824 37.1
    Secondary 731 32.9
    Technical or Further Educational Institution 269 12.1
    University or other Tertiary Institutions 141 6.3
    Others 35 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8877 75.0
    Semi-detached, row or terrace house, townhouse 1487 12.6
    Flat, unit or apartment 1283 10.8
    Caravan, cabin, houseboat 151 1.3
    House or flat attached to a shop, office 33 0.3
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2535 48.0
    Rented 1546 29.3
    Being purchased 1142 21.6
    Other tenure type 59 1.1
    Tenure Type
Census 2011, ABS
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