Forest Reefs (postcode 2798) is a small locality in New South Wales within the Blayney local government area. With a population of 537, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $122K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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, professionals, technicians & trades. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Irish.
The median house price in Forest Reefs is $1.2 million, having dropped significantly by 11.1% over the past year. The current median weekly rent is $575. This gives a gross rental yield of approximately 2.5%. 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 2,080 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.5% (low yield). Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 9.8x is considered moderate. House prices have moved -11.1% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.