Suburb Profile Report for Forster NSW (2428)

Forster House: Median price $464,000, Annual capital growth 2.87%, Number of sales 316, Weekly median advertised rent $410

Forster Unit: Median price $370,000, Annual capital growth 1.99%, Number of sales 217, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 0.87% for the last 12 months, Forster, 2428 has performed for property investments than its average annual 2.87% property growth over the last 5 years.

Forster,2428 was ranked 2183 in Australia by increase in median property value over the quarter.

At number 768th of NSW’s most discounted properties, Forster is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Investment property in Forster has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.00%

Across a shorter period, Forster, 2428 has seen a median price increase of 7.71% over the last quarter.

Our latest figures would indicate that property sellers in Forster are currently offering property investors an average price cut of -4.41% below the asking price at the moment.

Property investors should expect to get $280 weekly from the median priced house in this suburb.

HOUSE UNIT
$464,000 $370,000
0.87% 7.71%
0.87% 17.00%
2.87% 1.99%
$410 $280
316 217
4.59% 3.94%
99.56 104.64

Source: CoreLogic

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