Forbes

POSTAL CODE: NSW, 2871

HOUSE

Based on its average 5-year and quarterly capital gains FORBES, 2871 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that FORBES, 2871 obtained a 7.03% growth over a ten-year period. It ranks 1920th on our list of suburbs that property investors should look into.

FORBES, 2871 in NSW belongs to the local government area of Forbes.

FORBES, 2871 has a capital gain of 2.29% for the past year, which is lower than average compared to its 50.67% growth within a five-year period.

With the median home price in FORBES sitting at $447,500, and the average rent at $400, property owners could potentially earn a 4.65% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in FORBES are low, as opposed to average gains per annum over the past five years.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$447,500	N/A
Growth Report
Median Quarterly	-0.56%	N/A
Median 12 month	2.29%	N/A
Median 3 years	17.76%	N/A
Median 5 years	50.67%	N/A
10 years average annual	7.03%	N/A
Weekly media advert. rent	$400	N/A
Time on Market	119 days	N/A
Gross Rental Yield Percent	4.65%	N/A

Demographics (Median Values)*

Total Population 9349

Weekly Household Income 1065

Household Size 2.40

Average Age 42

Monthly Loan Repayment 1153

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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