If you compare the increase in value of investment property in Forster, 2428 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.52%.
While Forster,2428 ranked number 561th in NSW for increase in median house value (annualised) increase, it is ranked 762th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Forster is offering property investors an average of -6.18. This rate of discount on properties puts Suburb at number 744th in terms of most discounted suburbs in NSW
With the median price for a house in Forster being $575000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.98%
Investment property in Forster has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.66%
Comparing Forster,2428 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -3.80% to buyers in Forster at the moment, which is less than average for the rest of NSW.
At number 959 in a list of fastest selling suburbs, Forster is in the bottom 40% of suburbs in Australia with an average of days on market 82.64 for properties listed there.
Property investors should expect to get $310 weekly from the median priced house in this suburb.