Suburb Profile Report for Forestville SA (5035)

Forestville House: Median price $665,000, Annual capital growth 7.70%, Number of sales 18, Weekly median advertised rent N/A

Forestville Unit: Median price $370,000, Annual capital growth 6.96%, Number of sales 17, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$665,000 $370,000
0.38% 4.37%
2.31% -12.94%
7.70% 6.96%
N/A $330
18 17
N/A 4.64%
29.2 27.84

Source: CoreLogic

DSR Score for property investment : Above average (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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