Forest Reefs is a small community in New South Wales within the Blayney local government area (postcode 2798). With a population of 537, the suburb has an established demographic with a median age of 43. Households earn a median income of $122K per year, with an average household size of 2.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Forest Reefs is $1.2 million, having surged 13.4% over the past year. The current median weekly rent is $548. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,174.
Public transport access includes 40 bus stops. The crime rate in the Blayney LGA is below average at 2,047 incidents per 100,000 population.
From an investment perspective, Forest Reefs offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +13.4% year-on-year.
Forest Reefs is a small community in New South Wales within the Blayney local government area (postcode 2798). With a population of 537, the suburb has an established demographic with a median age of 43. Households earn a median income of $122K per year, with an average household size of 2.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Forest Reefs is $1.2 million, having surged 13.4% over the past year. The current median weekly rent is $548. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,174.
Public transport access includes 40 bus stops. The crime rate in the Blayney LGA is below average at 2,047 incidents per 100,000 population.
From an investment perspective, Forest Reefs offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +13.4% year-on-year.