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Mount Forbes, QLD 4340
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,155,000
Median Unit
$565,000
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Mount Forbes
Mount Forbes has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mount Forbes market and investor summary
Mount Forbes (QLD 4340) runs a median house price of $1.2M, with houses yielding a gross 2.9%. At 0.2% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.2% and a resident base that is not shrinking.
Living in Mount Forbes: people, income and schools
About 262 people live in Mount Forbes, and the area has been growing steadily, up about 20% over five years. The median age is 43, skewed a little older, and 88% 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 $92,000 a year, or roughly $1,770 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 a steep 12.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 12% over five years, which tends to underpin what local buyers can pay.
It is roughly 50 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 262
- +20% over 5yr
- Median age
- 43 years
- Median household income
- $92,000/yr
- Households renting
- 11%
- Family households
- 81%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 3.8%
- Distance to CBD
- 50 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 Mount Forbes
No properties currently listed in Mount Forbes
Search Mount Forbes listings →Frequently asked questions about Mount Forbes
What should I check before investing in Mount Forbes?
Mount Forbes has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.9% gives a usable rent-to-price starting point. Tight rental market (0.2% 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 Mount Forbes?
The median property price in Mount Forbes, QLD 4340 is $1.2M for houses and $565K for units.
What rental yield does Mount Forbes show?
The gross rental yield in Mount Forbes is 2.9% for houses and 4.9% 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 Mount Forbes?
The current vacancy rate in Mount Forbes is 0.2%. 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 Mount Forbes?
Mount Forbes has a population of approximately 262 residents, with a median age of 43.
Is Mount Forbes affordable to buy in?
A median house in Mount Forbes costs about 12.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Mount Forbes's population growing?
The population of Mount Forbes has grown about 20% 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 Mount Forbes from the CBD?
Mount Forbes is about 50 km from the CBD.
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