Suburb Profile Report for Forestville SA (5035)

Forestville House: Median price $843,800, Annual capital growth 8.76%, Number of sales 10, Weekly median advertised rent $445

Forestville Unit: Median price $391,000, Annual capital growth 8.72%, Number of sales 22, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Forestville, 5035 ranked 6th in SA when comparing growth in median property values or capital gain over the last 12 months. Forestville is one of 853 in our list for SA

The five-year average increase in median property values for Forestville,5035 has given property investors a potential capital gain of 31.33% across each of those five years.

Renters in Suburb are facing rents around $5340 per annum or $445 every week.

Over the last year, property investments in Forestville, 5035 have given investors a capital gain of 10.30%. This compares favourably with the 3.52% for SA as a whole.

Across a shorter period, Forestville, 5035 has seen a median price increase of 8.91% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.37% offered to property buyers. Sellers in Forestville itself are offering an average vendor discount of -4.94% to real estate investors.

With the median price for a house in Forestville being $391000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.39%

Metrics i HOUSE UNIT
$843,800 $391,000
3.20% 8.91%
27.37% 10.30%
8.76% 8.72%
$445 $330
10 22
2.74% 4.39%
N/A 55.83

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 1350
Median household income ($/weekly) 1227
Median age of persons 35
Median housing loan repayment ($/monthly) 1731
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 147 10.9
    25-34 years 285 21.1
    35-44 years 209 15.5
    45-54 years 198 14.7
    55-64 years 156 11.6
    Others 355 26.3
    Age Group
    Census Count Percent(%)
    Not Married 454 43.7
    Registered Married 427 41.1
    Defacto Relationship 159 15.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 981 75.5
    Croatia 22 1.7
    Hong Kong 33 2.5
    United Kingdom 72 5.5
    Other 56 4.3
    Others 135 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 1.8
    Christianity 694 56.0
    Hinduism 25 2.0
    Islam 14 1.1
    No Religion 474 38.2
    Others 11 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 40 7.6
    $600-$799 44 8.3
    $800-$999 48 9.1
    $1,000-$1,249 62 11.8
    $1,500-$1,999 69 13.1
    Others 264 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 499 46.3
    Not in the labour force 263 24.4
    Employed, worked part-time 247 22.9
    Employed, away from work 42 3.9
    Unemployed, looking for work 26 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 102 12.9
    Professionals 265 33.5
    Technicians & trades workers 74 9.4
    Community & personal service workers 77 9.7
    Clerical & administrative workers 118 14.9
    Others 154 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 22 6.0
    Infants/Primary 112 30.8
    Secondary 60 16.5
    Technical or Further Educational Institution 38 10.4
    University or other Tertiary Institutions 120 33.0
    Others 12 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 845 65.6
    Semi-detached, row or terrace house, townhouse 247 19.2
    Flat, unit or apartment 192 14.9
    Caravan, cabin, houseboat 4 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 210 37.8
    Rented 194 34.9
    Fully owned 146 26.3
    Other tenure type 6 1.1
    Tenure Type
Census 2011, ABS
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