If you compare the increase in value of investment property in Forestville, 5035 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 2.31%.
Across a shorter period, Forestville, 5035 has seen a median price increase of 0.38% over the last quarter.
Property buyers and investors in Forestville 5035 should be seeing an average reduction in asking price of around -5.13% . This means that Forestville is holding prices well when compared to other suburbs in SA.
In the last year 18 properties changed hands in Forestville, which puts it as the 397th most active market in SA when comparing the number of sales per suburb.
Property investors who have had real estate in Forestville, 5035 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -12.94%
When looking at the potential capital gains offered to property investors over the last 3 years, Forestville comes in at number 39th in SA.
Property investors looking for a bargain in Forestville should be aiming for at least -2.93% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 17 properties changed hands in Forestville, which puts it as the 133th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 6.96%, investors should hope to achieve an overall return of 4.64%