Forster vs Lethbridge Park

Houses cost about the same in both suburbs: the median house price is $900K in Forster and $900K in Lethbridge Park.

For units, Forster sits at a median of $650K against $465K in Lethbridge Park, which makes Lethbridge Park the more affordable unit market and Forster the pricier one.

On cash flow, Forster leads: houses there return a gross rental yield of 3.90%, compared with 3.06% in Lethbridge Park, a gap of 0.84 percentage points.

Over the past year house prices moved +3.0% in Forster and +9.8% in Lethbridge Park, so recent momentum favours Lethbridge Park, although both suburbs recorded growth.

Looking back three years, Forster houses are +10.3% and Lethbridge Park houses +38.0%, so Lethbridge Park has compounded faster than Forster over the longer window.

Rental vacancy is 0.8% in Lethbridge Park and 1.1% in Forster, so landlords in Lethbridge Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Forster is the bigger suburb, with a population of 14,187 against 4,730, roughly 3.0 times the size of Lethbridge Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Forster for rental income, Lethbridge Park for recent price momentum, Lethbridge Park for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.