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.