At number 3630th in the list of Australian suburbs ordered by increase in median house value over the last year, Forrest, 2603 is in the BOTTOM 20% with a property value increase of -6.44% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Forrest has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Renters in Suburb are facing rents around $71500 per annum or $1375 every week.
Giving property investors a an unimpressive capital gain of -4.74% for the last year, Forrest, 2603 is the 1311th highest performer in Australia in this respect.
The five-year average increase in median property values for Forrest,2603 has given property investors a potential capital gain of -14.57% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Forrest is offering property investors an average of -3.74. This rate of discount on properties puts Suburb at number 38th in terms of most discounted suburbs in ACT
Residents and property investors in Forrest have been waiting around 53.4 days to sell a property.
A $570 per week rent on the median house gives suburb investors a gross yield of circa 5.78%, without taking into account capital value appreciation, which has been averaging out at 2.28%.