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Forster

Suburb Profile

Forster - FREE 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 $553,500.

The upward trend in home prices in FORSTER, 2428 averaged 6.6% per annum over a 3-year period.

Average weekly rents on listings have reached the $440 mark, reflecting a 4.13% increase in returns based on the current median price in FORSTER.

An average of 19.75 real estate transactions take place per month in FORSTER which translates to 237 per annum.

237 properties were sold in FORSTER in 2016, making it the 785th most active market in NSW based on total real estate transactions.

FORSTER, 2428 places 350th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $553,500 $425,000
GROWTH REPORT
Median Quarterly 3.26% 0%
Median 12 month -2.47% 7.87%
Median 3 years 19.81% 21.43%
Median 5 years 49.19% 49.65%
10 years average annual 4.97% 3.72%
Weekly media advert. rent $440 $310
Time on Market 114.5 days 93.3 days
Gross Rental Yield Percent 4.13% 3.79%
demographics (median values)
Total Population
12693
Weekly Household Income
629.4
Household Size
2.20
demographics
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