Forrestfield is a well-established suburb in Western Australia within the Kalamunda local government area (postcode 6058). With a population of 13,181, the suburb has an established demographic with a median age of 38. Households earn a median income of $84K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, clerical & administrative, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Forrestfield is $623,000, having surged 21% over the past year. Units have a median price of $497,000 (+34.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,733.
Forrestfield is served by 6 schools, including 3 primary, 1 secondary, 2 combined. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 87 bus stops.
From an investment perspective, Forrestfield offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($623K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +21.0% year-on-year.
Forrestfield is a well-established suburb in Western Australia within the Kalamunda local government area (postcode 6058). With a population of 13,181, the suburb has an established demographic with a median age of 38. Households earn a median income of $84K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, clerical & administrative, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Forrestfield is $623,000, having surged 21% over the past year. Units have a median price of $497,000 (+34.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,733.
Forrestfield is served by 6 schools, including 3 primary, 1 secondary, 2 combined. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 87 bus stops.
From an investment perspective, Forrestfield offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($623K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +21.0% year-on-year.