Suburb Profile Report for Forrest ACT (2603)

Forrest House: Median price $2,865,000, Annual capital growth 5.68%, Number of sales 18, Weekly median advertised rent N/A

Forrest Unit: Median price $536,250, Annual capital growth 0.07%, Number of sales 34, Weekly median advertised rent $550

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 98th in the list of Australian suburbs ordered by increase in median house value over the last year, Forrest, 2603 is in the top 10% with a property value increase of 30.52% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Forrest,2603 has racked up an average of 30.52% over the period. This ranks it number 2998th in the whole country for real estate investors looking at median house price increases.

The ACT suburb of Forrest, 2603 is in the Unincorporated ACT local government area.

Investment property in Forrest has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.42%

Forrest,2603 was ranked 775 in Australia by increase in median property value over the quarter.

The most recent median price for Forrest is $536250, with sellers offering an average of -3.54% off the asking price.

Forrest is 29th on a list of best yielding suburbs for rents in ACT with a 5.33% return

Metrics i HOUSE UNIT
$2,865,000 $536,250
16.94% 0.94%
30.52% -5.42%
5.68% 0.07%
N/A $550
18 34
N/A 5.33%
N/A 98.0416666666667

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1468
Median household income ($/weekly) 2947
Median age of persons 42
Median housing loan repayment ($/monthly) 2500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 152 10.3
    25-34 years 189 12.9
    35-44 years 190 12.9
    45-54 years 232 15.8
    55-64 years 243 16.5
    Others 463 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 600 54.7
    Not Married 395 36.0
    Defacto Relationship 102 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1048 76.2
    Indonesia 21 1.5
    Papua New Guinea 34 2.5
    United Kingdom 65 4.7
    Other 50 3.6
    Others 157 11.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 2.5
    Christianity 842 63.3
    Hinduism 29 2.2
    Judaism 15 1.1
    No Religion 396 29.8
    Others 16 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 49 9.9
    $2,500-$2,999 92 18.7
    $3,000-$3,499 55 11.2
    $3,500 -$3,999 35 7.1
    $4,000 or more 145 29.4
    Others 117 23.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 608 51.5
    Not in the labour force 292 24.7
    Employed, worked part-time 206 17.5
    Employed, away from work 47 4.0
    Unemployed, looking for work 27 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 199 23.1
    Professionals 375 43.5
    Community & personal service workers 36 4.2
    Clerical & administrative workers 133 15.4
    Sales 46 5.3
    Others 73 8.5
    Occupation
    Census Count Percent(%)
    Pre-school 14 3.9
    Infants/Primary 98 27.1
    Secondary 107 29.6
    Technical or Further Educational Institution 13 3.6
    University or other Tertiary Institutions 125 34.6
    Others 4 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 861 64.4
    Flat, unit or apartment 329 24.6
    Semi-detached, row or terrace house, townhouse 146 10.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 193 36.8
    Being purchased 180 34.3
    Rented 152 29.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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