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AREA REPORTS

Forrest

ACT/
Forrest

Suburb Profile

Forrest - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2603

house
unit

Property investments in FORREST fare well against the rest of the country last year, registering a median home price increase of -20.57%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

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 $1100 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 109.8 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 $2,271,750.

FORREST ranks 90th on the list of best yielding suburbs for rental properties in ACT, posting a 2.52% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,271,750 $640,000
GROWTH REPORT
Median Quarterly 4.6% 2.24%
Median 12 month -20.57% 25%
Median 3 years 4.69% -22.66%
Median 5 years 3.26% 3.23%
10 years average annual 2.35% 0.54%
Weekly media advert. rent $1100 $570
Time on Market 109.8 days 125.0 days
Gross Rental Yield Percent 2.52% 4.63%
demographics (median values)
Total Population
1191
Weekly Household Income
2760
Household Size
2.70
demographics
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