20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
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 $592,500.
The upward trend in home prices in FORSTER, 2428 averaged 1.87% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.95% increase in returns based on the current median price in FORSTER.
An average of 24.08 real estate transactions take place per month in FORSTER which translates to 289 per annum.
289 properties were sold in FORSTER in 2016, making it the 730th most active market in NSW based on total real estate transactions.
FORSTER, 2428 places 351st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.73%||-3.26%|
|Median 3 years||5.61%||11.04%|
|Median 5 years||27.35%||31.75%|
|10 years average annual||5.1%||3.94%|
|Weekly media advert. rent||$450||$320|
|Time on Market||90.5 days||85.9 days|
|Gross Rental Yield Percent||3.95%||4.01%|