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Forster
AREA REPORTS

Forster

Forster - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2428

house
unit

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 $599,000.

The upward trend in home prices in FORSTER, 2428 averaged 1.73% per annum over a 3-year period.

Average weekly rents on listings have reached the $460 mark, reflecting a 3.99% increase in returns based on the current median price in FORSTER.

An average of 25.75 real estate transactions take place per month in FORSTER which translates to 309 per annum.

309 properties were sold in FORSTER in 2016, making it the 680th most active market in NSW based on total real estate transactions.

FORSTER, 2428 places 729th 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 $599,000 $440,000
GROWTH REPORT
Median Quarterly 2.92% 4.76%
Median 12 month 9.71% 3.53%
Median 3 years 5.18% 19.24%
Median 5 years 28.47% 41.94%
10 years average annual 5.22% 4.67%
Weekly media advert. rent $460 $330
Time on Market 83.4 days 80.2 days
Gross Rental Yield Percent 3.99% 3.9%
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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