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Forge Creek, VIC 3875
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$685,000
list-price estimate
Median Unit
$560,000
Gross Yield (houses)
2.2%
1yr Growth (houses)
+4.9%
market range -12.5% to +85.0%
Investment snapshot for Forge Creek
Forge Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Forge Creek market and investor summary
In Forge Creek, VIC 3875, houses show a gross rental yield of 2.2%. House prices have moved +4.9% over the past year. At 6.1% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.2% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 6.1% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Apartment stock is taking longer than usual to clear, a sign of softer demand at the unit end of the market.
Living in Forge Creek: people, income and schools
Forge Creek is home to around 346 people, a number that has held fairly steady over five years. The median age is 45, skewed a little older, and 90% 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 $97,000 a year, or roughly $1,860 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 346
- +3% over 5yr
- Median age
- 45 years
- Median household income
- $97,000/yr
- Households renting
- 8%
- Family households
- 88%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 5.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Forge Creek
No properties currently listed in Forge Creek
Search Forge Creek listings →Frequently asked questions about Forge Creek
What should I check before investing in Forge Creek?
Forge Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +4.9% in the past year shows positive 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 Forge Creek?
The median property price in Forge Creek, VIC 3875 is $560K for units.
What rental yield does Forge Creek show?
The gross rental yield in Forge Creek is 2.2% for houses and 3.6% for units. 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 Forge Creek?
House prices in Forge Creek are up 4.9% over the past year. 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 Forge Creek?
The current vacancy rate in Forge Creek is 6.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Forge Creek?
Forge Creek has a population of approximately 346 residents, with a median age of 45.
Is Forge Creek's population growing?
The population of Forge Creek has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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