Good Forest is a quiet locality in New South Wales within the Lithgow local government area (postcode 2790). With a population of 38, the suburb has a mature demographic with a median age of 53. Households earn a median income of $107K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, managers, sales. The top ancestries reported are English, Australian, Scottish.
The median house price in Good Forest is $1.0 million, having grown strongly 7.9% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,667.
Public transport access includes 3 bus stops. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Good Forest offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.6x is considered moderate. House prices have moved +7.9% year-on-year.
Good Forest is a quiet locality in New South Wales within the Lithgow local government area (postcode 2790). With a population of 38, the suburb has a mature demographic with a median age of 53. Households earn a median income of $107K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, managers, sales. The top ancestries reported are English, Australian, Scottish.
The median house price in Good Forest is $1.0 million, having grown strongly 7.9% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,667.
Public transport access includes 3 bus stops. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Good Forest offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.6x is considered moderate. House prices have moved +7.9% year-on-year.