Suburb Profile Report for Forestville NSW (2087)

Forestville House: Median price $1,515,000, Annual capital growth 7.08%, Number of sales 82, Weekly median advertised rent $870

Forestville Unit: Median price $925,900, Annual capital growth 6.94%, Number of sales 18, Weekly median advertised rent $638

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

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

  • House Report
  • Unit Report

Investment property in Forestville 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 4.48%

Across a shorter period, Forestville, 2087 has seen a median price increase of 1.00% over the last quarter.

Often selling an investment property can take time, and in Forestville the average time real estate has been on the market is 53.1538 days.

A $870 per week rent on the median house gives suburb investors a gross yield of circa 2.99%, without taking into account capital value appreciation, which has been averaging out at 7.08%.

Forestville, 2087 ranked 149th in NSW when comparing growth in median property values or capital gain over the last 12 months. Forestville is one of 3163 in our list for NSW

A -1.40% growth in median value for property investors in Forestville,2087 puts this suburb at number 62th in terms of best performing suburbs in NSW

Renters in Suburb are facing rents around $33150 per annum or $637.5 every week.

Metrics i HOUSE UNIT
$1,515,000 $925,900
1.00% 5.82%
4.48% 2.88%
7.08% 6.94%
$870 $638
82 18
2.99% 3.58%
53.1538461538462 N/A

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7834
Median household income ($/weekly) 1731
Median age of persons 41
Median housing loan repayment ($/monthly) 2800
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1175 15.0
    35-44 years 1279 16.3
    45-54 years 1056 13.5
    55-64 years 738 9.4
    65-74 years 799 10.2
    Others 2787 35.6
    Age Group
    Census Count Percent(%)
    Registered Married 3378 59.8
    Not Married 2010 35.6
    Defacto Relationship 261 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5240 69.5
    Croatia 145 1.9
    Papua New Guinea 136 1.8
    United Kingdom 544 7.2
    Other 499 6.6
    Others 973 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 155 2.1
    Christianity 5167 71.4
    Islam 41 0.6
    Judaism 51 0.7
    No Religion 1771 24.5
    Others 54 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 213 8.8
    $1,500-$1,999 231 9.5
    $2,000-$2,499 219 9.0
    $2,500-$2,999 332 13.7
    $3,000-$3,499 214 8.8
    Others 1211 50.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2198 37.7
    Employed, worked full-time 2141 36.7
    Employed, worked part-time 1187 20.4
    Employed, away from work 190 3.3
    Unemployed, looking for work 114 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 580 16.5
    Professionals 1102 31.3
    Technicians & trades workers 404 11.5
    Clerical & administrative workers 540 15.4
    Sales 323 9.2
    Others 568 16.2
    Occupation
    Census Count Percent(%)
    Pre-school 236 11.8
    Infants/Primary 817 40.9
    Secondary 473 23.7
    Technical or Further Educational Institution 130 6.5
    University or other Tertiary Institutions 296 14.8
    Others 46 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6684 89.6
    Flat, unit or apartment 584 7.8
    Semi-detached, row or terrace house, townhouse 188 2.5
    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 1116 42.2
    Being purchased 952 36.0
    Rented 502 19.0
    Other tenure type 76 2.9
    Tenure Type
Census 2011, ABS
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