Suburb Profile Report for Forestville SA (5035)

Forestville House: Median price $662,500, Annual capital growth 6.46%, Number of sales 19, Weekly median advertised rent N/A

Forestville Unit: Median price $363,000, Annual capital growth 6.46%, Number of sales 18, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -1.49% for the last year, Forestville, 5035 is the 3078th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Forestville has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -5.13% to buyers in Forestville at the moment, which is less than average for the rest of SA.

In the last year 19 properties changed hands in Forestville, which puts it as the 389th most active market in SA when comparing the number of sales per suburb.

Situated 3.10km from the CBD, Forestville is one of Unley localities in the postcode 5035.

Over the last year, property investments in Forestville, 5035 have given investors a capital gain of -19.69%. This compares very badly with the 4.30% for SA as a whole.

Comparing Forestville,5035 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Forestville are currently offering property investors an average price cut of -3.59% below the asking price at the moment.

In the last year 18 properties changed hands in Forestville, which puts it as the 121th most active market in SA when comparing the number of sales per suburb.

Situated 3.26km from the CBD, Forestville is one of Unley localities in the postcode 5035.

HOUSE UNIT
$662,500 $363,000
N/A 2.83%
-1.49% -19.69%
6.46% 6.46%
N/A $330
19 18
N/A 4.73%
29.2 31.25

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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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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