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Forbes, NSW 2871
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$465,000
market range $425K-$600K
Median Unit
$220,000
list-price estimate
Gross Yield (houses)
4.8%
1yr Growth (houses)
+12.0%
market range +2.5% to +15.0%
Investment snapshot for Forbes
Forbes has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Forbes market and investor summary
In Forbes, NSW 2871, the median house sells for around $465K, on a gross rental yield of 4.8% for houses. House prices have moved +12.0% over the past year and +11.5% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.8% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 83 days on market, so plan for a slower exit if you ever need one.
Living in Forbes: people, income and schools
Forbes has a resident population of roughly 8,157, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older, and families account for 66% of households.
The typical household income runs to around $63,000 a year (about $1,220 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to about 7.3 times local household income, in line with much of metropolitan Australia. 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 below the national school average on ICSEA. Most day-to-day errands are doable on foot; the suburb scores 81 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 8,157
- -2% over 5yr
- Median age
- 42 years
- Median household income
- $63,000/yr
- Households renting
- 28%
- Family households
- 66%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 929
- Unemployment
- 3.4%
- Walk score
- 81/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Forbes
No properties currently listed in Forbes
Search Forbes listings →Frequently asked questions about Forbes
What should I check before investing in Forbes?
Forbes has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +12.0% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Forbes?
The median property price in Forbes, NSW 2871 is $465K for houses.
What rental yield does Forbes show?
The gross rental yield in Forbes is 4.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Forbes?
House prices in Forbes are up 12.0% over the past year and up 11.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Forbes?
The current vacancy rate in Forbes is 1.5%. 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 Forbes?
Forbes has a population of approximately 8,157 residents, with a median age of 42.
What schools are near Forbes?
There are 1 school within roughly 5km of Forbes. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Forbes affordable to buy in?
A median house in Forbes costs about 7.3 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Forbes's population growing?
The population of Forbes has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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