Suburb Profile Report for Forster NSW (2428)

Forster House: Median price $489,000, Annual capital growth 3.77%, Number of sales 321, Weekly median advertised rent $420

Forster Unit: Median price $368,000, Annual capital growth 2.32%, Number of sales 231, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Forster is in the bottom 40% in NSW when comparing median price capital growth over the last year. Forster gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.38%.

If we look at median property appreciation over just the last three months, Forster has given property investors a paper return of 6.30%. This puts Suburb as 227 on a list of fastest fasting appreciating suburbs in NSW

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 Forster, 2428. Typically our figures indicate that -4.63% is being offered, which puts this NSW suburb at 2793th most discounted overall in Australia.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 3.77%, investors should hope to achieve an overall return of 4.47%

If you compare the increase in value of investment property in Forster, 2428 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 17.76%.

Across a shorter period, Forster, 2428 has seen a median price increase of 5.14% over the last quarter.

The most recent median price for Forster is $368000, with sellers offering an average of -4.30% off the asking price.

At number 1202 in a list of fastest selling suburbs, Forster is in the bottom 20% of suburbs in Australia with an average of days on market 104.9 for properties listed there.

The NSW suburb of Forster, 2428 is in the Great Lakes local government area.

Metrics i HOUSE UNIT
$489,000 $368,000
6.30% 5.14%
4.38% 17.76%
3.77% 2.32%
$420 $300
321 231
4.47% 4.24%
97.97 104.9

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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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