Suburb Profile Report for Forrest ACT (2603)

Forrest House: Median price $2,281,750, Annual capital growth 0.65%, Number of sales 16, Weekly median advertised rent $1,125

Forrest Unit: Median price $596,500, Annual capital growth -0.25%, Number of sales 18, Weekly median advertised rent $570

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Forrest has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.38%

A 4.91% growth in median value for property investors in Forrest,2603 puts this suburb at number 20th in terms of best performing suburbs in ACT

With the median price for a house in Forrest being $2281750 and the advertised rent reaching $1125 the gross rental yield for property investors calculates out to be 2.56%

Over the last year, property investments in Forrest, 2603 have given investors a capital gain of -4.56%. This compares badly with the 0.94% for ACT as a whole.

Over the longer term, Forrest has seen property prices show investors a -20.36% return over the last 3 years. This is an improvement over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Forrest is offering property investors an average of -3.95. This rate of discount on properties puts Suburb at number 2nd in terms of most discounted suburbs in ACT

Property investors should expect to get $570 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$2,281,750 $596,500
3.25% -3.87%
7.38% -4.56%
0.65% -0.25%
$1,125 $570
16 18
2.56% 4.97%
163.2 121.642857142857

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (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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