Suburb Profile Report for Forrest ACT (2603)

Forrest House: Median price $2,200,000, Annual capital growth 1.74%, Number of sales 20, Weekly median advertised rent $1,163

Forrest Unit: Median price $665,500, Annual capital growth 1.22%, Number of sales 15, Weekly median advertised rent $570

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report
Unit Report

Forrest has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -15.72% to date .

Forrest,2603 was ranked 3405 in Australia by increase in median property value over the quarter.

Advertised rents are around the $1162.5 mark per week – giving a return of 2.75% based on the median price in Suburb

Forrest has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 27.98% to date .

Forrest,2603 has offered an average of 27.98% return per annum in house price rises to property investors over the last three years.

A $570 per week rent on the median house gives suburb investors a gross yield of circa 4.45%, without taking into account capital value appreciation, which has been averaging out at 1.22%.

Metrics	HOUSE	UNIT
Median price	$2,200,000	$665,500
Quarterly growth	-3.16%	3.98%
12-month growth	-15.72%	27.98%
Average Annual Growth	1.74%	1.22%
Weekly median advertised rent	$1,163	$570
Number of sales	20	15
Gross rental yield	2.75%	4.45%
Days on market	118.083336	128.09091

Your estimated repayment
$8,896.16/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.59% interest rate.

DSR Score for property investment : Balanced (H), Below average (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