When looking at the potential capital gains offered to property investors over the last 3 years, Forestville comes in at number 8th in SA.
A $475 per week rent on the median house gives suburb investors a gross yield of circa 2.97%, without taking into account capital value appreciation, which has been averaging out at 9.49%.
At number 1666th in the list of Australian suburbs ordered by increase in median house value over the last year, Forestville, 5035 is in the BOTTOM 10% with a property value increase of -17.28% recorded in median house prices.
While Forestville,5035 ranked number 79th in SA for increase in median house value (annualised) increase, it is ranked 126th over the last 5 years.
The most recent median price for Forestville is $359000, with sellers offering an average of -4.19% off the asking price.