Forbesdale is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 170, the suburb has a mature demographic with a median age of 54. Households earn a median income of $69K per year, with an average household size of 2.7 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Forbesdale is $720,000, having dropped significantly 12.2% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,127.
Public transport access includes 12 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Forbesdale offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($720K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -12.2% year-on-year.
Forbesdale is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 170, the suburb has a mature demographic with a median age of 54. Households earn a median income of $69K per year, with an average household size of 2.7 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Forbesdale is $720,000, having dropped significantly 12.2% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,127.
Public transport access includes 12 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Forbesdale offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($720K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -12.2% year-on-year.