Forbes Creek is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2621). With a population of 62, the suburb has a mature demographic with a median age of 52. Households earn a median income of $139K per year, with an average household size of 2.5 people. The most common occupations are clerical & administrative, managers, professionals. The top ancestries reported are English, Australian, German.
The median house price in Forbes Creek is $250,000, having dropped significantly 75.9% over the past year. The current median weekly rent is $805. This gives a gross rental yield of approximately 16.7%. The median monthly mortgage repayment is $1,875.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Forbes Creek offers a gross rental yield of 16.7%, rated as high yield. Property prices sit below the state median ($250K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.8x is considered affordable. House prices have moved -75.9% year-on-year.
Forbes Creek is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2621). With a population of 62, the suburb has a mature demographic with a median age of 52. Households earn a median income of $139K per year, with an average household size of 2.5 people. The most common occupations are clerical & administrative, managers, professionals. The top ancestries reported are English, Australian, German.
The median house price in Forbes Creek is $250,000, having dropped significantly 75.9% over the past year. The current median weekly rent is $805. This gives a gross rental yield of approximately 16.7%. The median monthly mortgage repayment is $1,875.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Forbes Creek offers a gross rental yield of 16.7%, rated as high yield. Property prices sit below the state median ($250K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.8x is considered affordable. House prices have moved -75.9% year-on-year.