Forbes River is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2446). With a population of 20, the suburb has a mature demographic with a median age of 45. Households earn a median income of $143K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, labourers, managers.
The median house price in Forbes River is $2.6 million, having surged 233.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $2,000.
The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Forbes River offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($2.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.2x is considered stretched. House prices have moved +233.3% year-on-year.
Forbes River is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2446). With a population of 20, the suburb has a mature demographic with a median age of 45. Households earn a median income of $143K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, labourers, managers.
The median house price in Forbes River is $2.6 million, having surged 233.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $2,000.
The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Forbes River offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($2.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.2x is considered stretched. House prices have moved +233.3% year-on-year.