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MOMENTUM
MEDIA
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,250,000.
The upward trend in home prices in FORESTVILLE, 5035 averaged 3.3% per annum over a 3-year period.
Average weekly rents on listings have reached the $675 mark, reflecting a 2.81% increase in returns based on the current median price in FORESTVILLE.
An average of 1.08 real estate transactions take place per month in FORESTVILLE which translates to 13 per annum.
13 properties were sold in FORESTVILLE in 2016, making it the 436th most active market in SA based on total real estate transactions.
FORESTVILLE, 5035 places 440th in Australia based on median property value growth during the quarter.
Forestville, located just 4 kilometres southwest of Adelaide’s central business district, is a small but vibrant suburb that falls under the City of Unley. Its close proximity to the CBD makes it an attractive location for professionals and families who value easy access to urban amenities while enjoying a quieter suburban lifestyle. Forestville has a population of around 2,000 residents, offering a peaceful yet well-connected environment.
The demographics of Forestville include a mix of younger professionals, families, and older residents. The area has a strong sense of community, with many residents enjoying long-term homeownership. The population is largely English-speaking, but there is also a multicultural presence, reflecting Adelaide’s broader diversity. The suburb’s median age is slightly younger than the national average, indicating its appeal to those looking for a convenient yet calm residential location.
Public transport in Forestville is a major advantage, with the suburb being serviced by both bus and tram routes. The nearby Goodwood Railway Station also provides train services to the city and beyond. The Glenelg tram line runs through Forestville, offering a direct and efficient connection to both the Adelaide CBD and the popular beachside suburb of Glenelg, making commuting and leisure travel convenient for residents.
In terms of local amenities, Forestville is within easy reach of nearby shopping hubs such as Unley Shopping Centre and Goodwood Road, where residents can find supermarkets, cafes, and specialty stores. The suburb also offers several parks and recreational spaces, including Forestville Reserve and Goodwood Oval, which provide facilities for sports, picnics, and playgrounds.
Educational facilities in the area include Goodwood Primary School and the nearby Adelaide High School, catering to families with children. With its blend of suburban charm, excellent transport links, and access to both city and recreational amenities, Forestville is a highly desirable location for a wide range of residents.