Forrest is a small community in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2603). With a population of 1,827, the suburb has a mature demographic with a median age of 47. Households earn a median income of $175K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Forrest is $5.0 million, having surged 25.1% over the past year. Units have a median price of $849,000 (-0.7% YoY). The median weekly rent is $570 (Census 2021). This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $2,520.
Forrest is served by 1 school, including 1 primary. The average ICSEA score is 1145, which is well above the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 2,080 incidents per 100,000 population.
From an investment perspective, Forrest offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($5.0M/$1.0M), placing it in the premium segment. The price-to-income ratio of 28.6x is considered stretched. House prices have moved +25.1% year-on-year.
Forrest is a small community in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2603). With a population of 1,827, the suburb has a mature demographic with a median age of 47. Households earn a median income of $175K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Forrest is $5.0 million, having surged 25.1% over the past year. Units have a median price of $849,000 (-0.7% YoY). The median weekly rent is $570 (Census 2021). This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $2,520.
Forrest is served by 1 school, including 1 primary. The average ICSEA score is 1145, which is well above the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 2,080 incidents per 100,000 population.
From an investment perspective, Forrest offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($5.0M/$1.0M), placing it in the premium segment. The price-to-income ratio of 28.6x is considered stretched. House prices have moved +25.1% year-on-year.