Property investments in FORREST did not fare well against the rest of the country last year, registering a median home price decrease of -8.72%.
Based on its average 5-year and quarterly capital gains FORREST, 2603 saw average growth in the long term.
Real estate investors could earn a rental income of $1375 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $2,720,000.
FORREST ranks 83rd on the list of best yielding suburbs for rental properties in ACT, posting a 2.63% return.
Based on its average 5-year and quarterly capital gains FORREST, 2603 saw average decrease in the long term.
Profits due to an downward trend in home prices in FORREST, 2603 averaged -12.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $570 mark, reflecting a 6.07% increase in returns based on the current median price in FORREST.
An average of 1.92 real estate transactions take place per month in FORREST which translates to 23 per annum.
23 properties were sold in FORREST during the past year, making it the 38th most active market in ACT based on total real estate transactions.
FORREST, 2603 places 60th in Australia based on median property value growth during the quarter.
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