Forster is a well-established suburb in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 14,187, the suburb has an older demographic with a median age of 57. Households earn a median income of $52K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Forster is $843,000, having dipped slightly 0.8% over the past year. Units have a median price of $560,000 (-12.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,733.
Forster is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 196 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Forster offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($843K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.1x is considered stretched. House prices have moved -0.8% year-on-year.
Forster is a well-established suburb in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 14,187, the suburb has an older demographic with a median age of 57. Households earn a median income of $52K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Forster is $843,000, having dipped slightly 0.8% over the past year. Units have a median price of $560,000 (-12.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,733.
Forster is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 196 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Forster offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($843K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.1x is considered stretched. House prices have moved -0.8% year-on-year.