Suburb Profile Report for Forster NSW (2428)

Forster House: Median price $456,500, Annual capital growth 2.21%, Number of sales 321, Weekly median advertised rent $400

Forster Unit: Median price $340,000, Annual capital growth 0.86%, 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

Investment property in Forster has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.94%

Comparing Forster,2428 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Forster is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 757th in terms of most discounted suburbs in NSW

At number 2772 in a list of fastest selling suburbs, Forster is in the bottom 30% of suburbs in Australia with an average of days on market 104.37 for properties listed there.

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

Over the last year, property investments in Forster, 2428 have given investors a capital gain of 9.68%. This compares favourably with the 6.59% for NSW as a whole.

Forster,2428 was ranked 173 in Australia by increase in median property value over the quarter.

Vendor discounting in Forster is giving property investors an average Vendor Discount of around -4.05%. This puts suburb at number 273th in NSW when ranking the most discounted suburbs.

With the median price for a house in Forster being $340000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 4.28%

HOUSE UNIT
$456,500 $340,000
-1.88% 6.25%
4.94% 9.68%
2.21% 0.86%
$400 $280
321 217
4.56% 4.28%
104.37 104.07

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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