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Forster
AREA REPORTS

Forster

Forster - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2428

house
unit

FORSTER, 2428 ranks 1636th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 25.38% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $733,500.

The upward trend in home prices in FORSTER, 2428 averaged 8.89% per annum over a 3-year period.

Average weekly rents on listings have reached the $500 mark, reflecting a 3.54% increase in returns based on the current median price in FORSTER.

An average of 29.17 real estate transactions take place per month in FORSTER which translates to 350 per annum.

350 properties were sold in FORSTER in 2016, making it the 614th most active market in NSW based on total real estate transactions.

FORSTER, 2428 places 636th in Australia based on median property value growth during the quarter.

Data report can be found below

Forster
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $733,500 $526,000
GROWTH REPORT
Median Quarterly 6.3% 6.26%
Median 12 month 25.38% 25.24%
Median 3 years 26.68% 26.75%
Median 5 years 58.42% 48.17%
10 years average annual 7.23% 6.43%
Weekly media advert. rent $500 $350
Time on Market 41.6 days 43.7 days
Gross Rental Yield Percent 3.54% 3.46%
demographics (median values)*
Total Population
24009
Weekly Household Income
832
Household Size
2.10
Age
56
Monthly Loan Repayment
1400
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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