Forster NSW
The coastal suburb of Forster is a growth area in regional NSW that provides incredible investment opportunities. With affordable property, excellent returns, and an idyllic lifestyle, investing in Forster is indeed a calculated decision.
According to realestate.com.au, median property prices over the last year range from $675,000 for houses to $485,000 for units. Houses in Forster rent out for $480 per week with an annual rental yield of 3.7%. Units rent for $333 per week with a rental yield of 3.6%. Based on five years of sales, Forster has seen a compound growth rate of 8.0% for houses and 7.4% for units. The median house price in Forster rose an impressive 10.7% from May 2020 to May 2021.
NSW’s Mid-North Coast is one of Australia’s most picturesque stretches – and it’s increasingly attracting the attention of buyers looking to leave the city life behind. Demand for information regarding property on the Mid-North Coast has been rapidly picking up, according to Paul Ryan, economist at REA Group. In particular, views for house listings in Forster increased by 149.3% from May 2020 to May 2021.
Market Trends
This table represents median property prices in Forster providing you with an understanding of the local market trends.
Forster is the vibrant heart of the spectacular Barrington Coast region, a 3hr 45min drive from Sydney and 35min drive from Taree Airport.
The suburb is famous for its beautiful beaches, access to many national parks, and world-class diving.
Clinging to a land spit between Wallis Lake and the Pacific Ocean, Forster presents the best of the aquatic life, with boating, fishing, paddling, and surfing all part of its laid-back charm.
Population
The population of Forster is approximately 13,745 with 70% of residents being homeowners and 30% being renters. The population of Forster is steadily increasing.
With its rich natural beauty, including scenic bushland and beaches, with affordable property, forecasted growth, and excellent returns, Forster has much more to offer than just an idyllic lifestyle.
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