Suburb Profile Report for Forbes NSW (2871)

Forbes House: Median price $246,000, Annual capital growth 4.60%, Number of sales 194, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report

Investment property in Forbes has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.96%

A 43.86% growth in median value for property investors in Forbes,2871 puts this suburb at number 1175th in terms of best performing suburbs in NSW

At number 368th of NSW’s most discounted properties, Forbes is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Forbes have been waiting around 110.43 days to sell a property.

Using the current median advertised rental of $240 and the average annual increase in value of a median property of 4.60%, investors should hope to achieve an overall return of 5.07%

Metrics i HOUSE UNIT
$246,000 N/A
-1.01% N/A
6.96% N/A
4.60% N/A
$240 N/A
194 N/A
5.07% N/A
110.43 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 7559
Median household income ($/weekly) 805
Median age of persons 41
Median housing loan repayment ($/monthly) 1148
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1056 14.0
    35-44 years 851 11.3
    45-54 years 945 12.5
    55-64 years 978 12.9
    65-74 years 828 11.0
    Others 2902 38.4
    Age Group
    Census Count Percent(%)
    Registered Married 2589 49.1
    Not Married 2186 41.4
    Defacto Relationship 500 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6862 95.8
    Papua New Guinea 32 0.4
    Philippines 23 0.3
    United Kingdom 96 1.3
    Other 31 0.4
    Others 121 1.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.3
    Christianity 6202 88.2
    Islam 12 0.2
    Other Religious Groups 19 0.3
    No Religion 770 11.0
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 331 12.5
    $400-$599 404 15.3
    $600-$799 355 13.4
    $800-$999 283 10.7
    $1,000-$1,249 245 9.3
    Others 1030 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2445 43.1
    Employed, worked full-time 1922 33.9
    Employed, worked part-time 893 15.7
    Employed, away from work 220 3.9
    Unemployed, looking for work 190 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 441 14.5
    Professionals 451 14.9
    Technicians & trades workers 455 15.0
    Clerical & administrative workers 363 12.0
    Labourers 381 12.5
    Others 945 31.1
    Occupation
    Census Count Percent(%)
    Pre-school 156 9.4
    Infants/Primary 605 36.6
    Secondary 597 36.1
    Technical or Further Educational Institution 176 10.7
    University or other Tertiary Institutions 94 5.7
    Others 24 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6409 93.5
    Semi-detached, row or terrace house, townhouse 178 2.6
    Flat, unit or apartment 219 3.2
    Caravan, cabin, houseboat 36 0.5
    Improvised home, tent, sleepers out 9 0.1
    Others 5 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1080 37.6
    Being purchased 905 31.5
    Rented 871 30.3
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals