Back Forest is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2535). With a population of 91, the suburb has an older demographic with a median age of 56. Households earn a median income of $71K per year, with an average household size of 2.9 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Back Forest is $1.8 million, having dropped significantly 32.2% over the past year. The current median weekly rent is $780. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $4,768.
Public transport access includes 2 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Back Forest offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 24.5x is considered stretched. House prices have moved -32.2% year-on-year.
Back Forest is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2535). With a population of 91, the suburb has an older demographic with a median age of 56. Households earn a median income of $71K per year, with an average household size of 2.9 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Back Forest is $1.8 million, having dropped significantly 32.2% over the past year. The current median weekly rent is $780. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $4,768.
Public transport access includes 2 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Back Forest offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 24.5x is considered stretched. House prices have moved -32.2% year-on-year.