Suburb Profile Report for Forestville SA (5035)

Forestville House: Median price $786,300, Annual capital growth 9.22%, Number of sales 19, Weekly median advertised rent $400

Forestville Unit: Median price $355,000, Annual capital growth 6.94%, Number of sales 21, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 42.45% for the last 12 months, Forestville, 5035 has performed for property investments than its average annual 9.22% property growth over the last 5 years.

Forestville,5035 has offered an average of 42.45% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Forestville 5035 should be seeing an average reduction in asking price of around -4.14% . This means that Forestville is holding prices well when compared to other suburbs in SA.

At number 55 in a list of fastest selling suburbs, Forestville is in the TOP 10% of suburbs in Australia with an average of days on market 32.5 for properties listed there.

Forestville, 5035’s gross rental yield is 2.65%

Property value increases in Forestville have tracked lower than the SA average of 4.44% over the last 12 months.

Over the longer term, Forestville has seen property prices show investors a -4.05% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Forestville is giving property investors an average Vendor Discount of around -3.30%. This puts suburb at number 152th in SA when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $3960 per annum or $330 every week.

HOUSE UNIT
$786,300 $355,000
18.69% -2.20%
42.45% -21.46%
9.22% 6.94%
$400 $330
19 21
2.65% 4.83%
32.5 39.76

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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