Back Forest is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2535). It is home to about 91 residents, with an older demographic and a median age of 56. Households earn a median income of $71K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Back Forest has a median house price of $1.8 million, which has risen steeply by 52.5% year-on-year. The current median weekly rent is $565. This gives a gross rental yield of approximately 1.6%. 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 3,639 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.6%, which reads as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 25.2x is considered stretched. House prices have moved +52.5% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.