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Forrest, VIC 3236
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$760,000
list-price estimate
Median Unit
$255,000
list-price estimate
Gross Yield (houses)
3.8%
1yr Growth (houses)
+4.6%
market range -7.5% to +40.0%
Investment snapshot for Forrest
Forrest has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Forrest market and investor summary
In Forrest, VIC 3236, houses show a gross rental yield of 3.8%. House prices have moved +4.6% over the past year and +7.5% over three years. At 2.0% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 85 days on market, so plan for a slower exit if you ever need one.
Living in Forrest: people, income and schools
Forrest has a resident population of roughly 257, a number that has held fairly steady over five years. At a median age of 52, it reads as an older, established demographic, and 79% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $57,000 a year (about $1,090 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 6 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 257
- +2% over 5yr
- Median age
- 52 years
- Median household income
- $57,000/yr
- Households renting
- 14%
- Family households
- 74%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1009
- Unemployment
- 1.8%
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Forrest
No properties currently listed in Forrest
Search Forrest listings →Frequently asked questions about Forrest
What should I check before investing in Forrest?
Forrest has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +4.6% 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 rental yield does Forrest show?
The gross rental yield in Forrest is 3.8% 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 Forrest?
House prices in Forrest are up 4.6% over the past year and up 7.5% 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 Forrest?
The current vacancy rate in Forrest is 2.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Forrest?
Forrest has a population of approximately 257 residents, with a median age of 52.
What schools are near Forrest?
There are 1 school within roughly 5km of Forrest. 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 Forrest's population growing?
The population of Forrest has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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