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 $215,000.
The downward trend in home prices in FORREST BEACH, 4850 averaged -4.95% per annum over a 3-year period.
Average weekly rents on listings have reached the $260 mark, reflecting a 6.29% increase in returns based on the current median price in FORREST BEACH.
An average of 1.25 real estate transactions take place per month in FORREST BEACH which translates to 15 per annum.
15 properties were sold in FORREST BEACH in 2016, making it the 695th most active market in QLD based on total real estate transactions.
FORREST BEACH, 4850 places 523rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-14%||N/A|
|Median 3 years||-14.85%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||0.22%||N/A|
|Weekly media advert. rent||$260||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||6.29%||N/A|