FORSTER, 2428 ranks 1339th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 10.63% 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 $515,000.
The upward trend in home prices in FORSTER, 2428 averaged 11.26% per annum over a 3-year period.
Average weekly rents on listings have reached the $410 mark, reflecting a 4.14% increase in returns based on the current median price in FORSTER.
An average of 26.25 real estate transactions take place per month in FORSTER which translates to 315 per annum.
315 properties were sold in FORSTER in 2016, making it the 656th most active market in NSW based on total real estate transactions.
FORSTER, 2428 places 357th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.63%||17.19%|
|Median 3 years||33.77%||31.12%|
|Median 5 years||41.1%||36.36%|
|10 years average annual||4.2%||2.53%|
|Weekly media advert. rent||$410||$300|
|Time on Market||98.6 days||94.5 days|
|Gross Rental Yield Percent||4.14%||4.16%|