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Castle Forbes Bay, TAS 7116
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$750,000
list-price estimate
Median Unit
$255,000
Gross Yield (units)
4.3%
1yr Growth
-
Investment snapshot for Castle Forbes Bay
Castle Forbes Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Castle Forbes Bay market and investor summary
Castle Forbes Bay sits in TAS, postcode 7116. At 0.8% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking.
Living in Castle Forbes Bay: people, income and schools
Castle Forbes Bay has a resident population of roughly 176, and the area has been growing steadily, up about 9% over five years. The median age is 53, an older, established demographic, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $63,000 a year, or roughly $1,220 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is roughly 40 km from the CBD. Getting around leans on public transport or a car; the suburb scores 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 176
- +9% over 5yr
- Median age
- 53 years
- Median household income
- $63,000/yr
- Households renting
- 15%
- Family households
- 73%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 950
- Unemployment
- 3.7%
- Distance to CBD
- 40 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Castle Forbes Bay
No properties currently listed in Castle Forbes Bay
Search Castle Forbes Bay listings →Frequently asked questions about Castle Forbes Bay
What should I check before investing in Castle Forbes Bay?
Castle Forbes Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Tight rental market (0.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Castle Forbes Bay?
The median property price in Castle Forbes Bay, TAS 7116 is $255K for units.
What rental yield does Castle Forbes Bay show?
The gross rental yield in Castle Forbes Bay is 4.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Castle Forbes Bay?
The current vacancy rate in Castle Forbes Bay is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Castle Forbes Bay?
Castle Forbes Bay has a population of approximately 176 residents, with a median age of 53.
What schools are near Castle Forbes Bay?
There are 1 school within roughly 5km of Castle Forbes Bay. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Castle Forbes Bay's population growing?
The population of Castle Forbes Bay has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Castle Forbes Bay from the CBD?
Castle Forbes Bay is about 40 km from the CBD.
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