Forbesdale (postcode 2422) is a sparsely populated locality in New South Wales within the Mid-Coast local government area. The area has roughly 170 residents and 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. 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 managers, technicians & trades, clerical & administrative. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Irish.
Forbesdale has a median house price of $720,000, which has dropped significantly by 15.3% year-on-year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.5%. 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 3,779 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.5% (moderate yield). Property prices sit below the state median ($720K/$1.5M), which can point to relative value. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -15.3% 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.