Suburb Profile Report for Forster NSW (2428)

Forster House: Median price $466,000, Annual capital growth 2.97%, Number of sales 317, Weekly median advertised rent $410

Forster Unit: Median price $374,750, Annual capital growth 2.26%, Number of sales 220, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Forster is in the bottom 20% in NSW when comparing median price capital growth over the last year. Forster gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.05%.

The five-year average increase in median property values for Forster,2428 has given property investors a potential capital gain of 21.35% across each of those five years.

At number 764th 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.

Often selling an investment property can take time, and in Forster the average time real estate has been on the market is 99.02 days.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 2.97%, investors should hope to achieve an overall return of 4.58%

Property investors who have had real estate in Forster, 2428 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 18.97%

The five-year average increase in median property values for Forster,2428 has given property investors a potential capital gain of 35.05% across each of those five years.

Forster, 2428 is offering NSW ‘s 237th 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.

On average over the past year, suburb has had 18.33 sales per month, which equates to 220 per year.

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

Metrics i HOUSE UNIT
$466,000 $374,750
0.43% 8.62%
-0.05% 18.97%
2.97% 2.26%
$410 $290
317 220
4.58% 4.02%
99.02 106.74

Source: CoreLogic

DSR Score for property investment : Above average (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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