NSW has seen average median house prices change by 11.06% which means that Forbes, 2871 has done well for property investors by showing a capital gain of -9.40% over the last year
Forbes,2871 has offered an average of -9.40% return per annum in house price rises to property investors over the last three years.
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 Forbes, 2871. Typically our figures indicate that -8.65% is being offered, which puts this NSW suburb at 501th most discounted overall in Australia.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.74%, without taking into account capital value appreciation, which has been averaging out at 3.99%.