Suburb Profile Report for Forster NSW (2428)

Forster House: Median price $540,000, Annual capital growth 4.83%, Number of sales 305, Weekly median advertised rent $418

Forster Unit: Median price $371,000, Annual capital growth 3.17%, Number of sales 251, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 690th in the list of Australian suburbs ordered by increase in median house value over the last year, Forster, 2428 is in the top 20% with a property value increase of 17.39% recorded in median house prices.

Across a shorter period, Forster, 2428 has seen a median price increase of 2.86% over the last quarter.

Sellers are offering property buyers an average discount of -4.99% to buyers in Forster at the moment, which is less than average for the rest of NSW.

At number 980 in a list of fastest selling suburbs, Forster is in the bottom 20% of suburbs in Australia with an average of days on market 97.63 for properties listed there.

Using the current median advertised rental of $417.5 and the average annual increase in value of a median property of 4.83%, investors should hope to achieve an overall return of 4.02%

NSW has seen average median house prices change by 8.39% which means that Forster, 2428 has done well for property investors by showing a capital gain of 8.01% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Forster comes in at number 249th in NSW.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Forster itself are offering an average vendor discount of -3.65% to real estate investors.

On average over the past year, suburb has had 20.92 sales per month, which equates to 251 per year.

Metrics i HOUSE UNIT
$540,000 $371,000
2.86% -0.67%
17.39% 8.01%
4.83% 3.17%
$418 $320
305 251
4.02% 4.49%
97.63 90.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 13117
Median household income ($/weekly) 729
Median age of persons 53
Median housing loan repayment ($/monthly) 1500
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1358 10.4
    45-54 years 1577 12.0
    55-64 years 2003 15.3
    65-74 years 2091 15.9
    75-84 years 1532 11.7
    Others 4556 34.7
    Age Group
    Census Count Percent(%)
    Registered Married 5073 52.3
    Not Married 3856 39.7
    Defacto Relationship 780 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 10878 89.5
    Greece 65 0.5
    Papua New Guinea 128 1.1
    United Kingdom 541 4.5
    Other 143 1.2
    Others 399 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 0.7
    Christianity 9558 81.0
    Islam 30 0.3
    Other Religious Groups 29 0.2
    No Religion 2062 17.5
    Others 40 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 567 11.5
    $400-$599 1001 20.4
    $600-$799 789 16.1
    $800-$999 546 11.1
    $1,500-$1,999 391 8.0
    Others 1618 32.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5887 57.0
    Employed, worked full-time 2149 20.8
    Employed, worked part-time 1660 16.1
    Unemployed, looking for work 361 3.5
    Employed, away from work 271 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 517 12.7
    Professionals 705 17.3
    Technicians & trades workers 541 13.3
    Community & personal service workers 545 13.4
    Sales 591 14.5
    Others 1180 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 221 10.0
    Infants/Primary 824 37.1
    Secondary 731 32.9
    Technical or Further Educational Institution 269 12.1
    University or other Tertiary Institutions 141 6.3
    Others 35 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8877 75.0
    Semi-detached, row or terrace house, townhouse 1487 12.6
    Flat, unit or apartment 1283 10.8
    Caravan, cabin, houseboat 151 1.3
    House or flat attached to a shop, office 33 0.3
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2535 48.0
    Rented 1546 29.3
    Being purchased 1142 21.6
    Other tenure type 59 1.1
    Tenure Type
Census 2011, ABS
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