Forestville is a mid-sized suburb in New South Wales within the Northern Beaches local government area (postcode 2087). With a population of 8,659, the suburb has an established demographic with a median age of 43. Households earn a median income of $130K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Forestville is $800,000, having dropped significantly 67.3% over the past year. Units have a median price of $1.4 million (-0.7% YoY). The current median weekly rent is $840. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $3,250.
Forestville is served by 4 schools, including 3 primary, 1 special. The average ICSEA score is 1141, which is well above the national average of 1,000. Public transport access includes 37 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Forestville offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.1x is considered moderate. House prices have moved -67.3% year-on-year.
Forestville is a mid-sized suburb in New South Wales within the Northern Beaches local government area (postcode 2087). With a population of 8,659, the suburb has an established demographic with a median age of 43. Households earn a median income of $130K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Forestville is $800,000, having dropped significantly 67.3% over the past year. Units have a median price of $1.4 million (-0.7% YoY). The current median weekly rent is $840. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $3,250.
Forestville is served by 4 schools, including 3 primary, 1 special. The average ICSEA score is 1141, which is well above the national average of 1,000. Public transport access includes 37 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Forestville offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.1x is considered moderate. House prices have moved -67.3% year-on-year.