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Forbes Shire, NSW

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Forbes Shire is a local government area in New South Wales’ central west region. The LGA’s property market is relatively stable, with modest growth rates over the past few years. There is good access to services and infrastructure, and the council area is surrounded by beautiful countryside.

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Forbes Shire is a rural area that is based mainly on agriculture and tourism. The main industries in the area are beef cattle, sheep, pig farming, and grain production. There are also a number of tourist attractions in the area, including the Forbes Heritage Walk, the Victoria Park Racecourse, and the Forbes Wetlands.

Managers account for 19.2 % of all jobs in Forbes, followed by professionals at 14.2 %, technicians and trades workers at 13.9 %, laborers at 12.9 %, and clerical and administrative workers at 10.1 %. Forbes reports a median weekly personal income of $571 for persons aged 15 and older.

The market is dominated by single-family homes, although there is a growing demand for apartments and townhouses. In Forbes, 90.5 % of occupied private residences are detached houses, 3.4 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 4.0 % are flats or apartments, and 1.7 % are other housing.

If you’re looking to invest in property in Forbes Shire, there are a few things to keep in mind. Firstly, make sure you research the area carefully to find a suburb or town that is likely to grow in value over time. Secondly, always consult trusted property investment data to get the most up-to-date market intel on what properties are likely to offer the best return on investment. Lastly, always remember to factor in your own personal circumstances and budget when making any property investment decisions.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Forbes Shire Council, NSW

What other property markets are there near Forbes Shire Council, NSW?

Forbes Shire Council is surrounded by 5 other council areas – Lachlan, Bland, Cowra, Cabonne, Parkes.

Suburbs/localities in this Local Government Area: Cookamidgera 2870, Daroobalgie 2870, Eugowra 2806, Forbes 2871, Garema 2871, Gunning Gap 2876, Jemalong 2871, Mandagery 2870, Mulguthrie 2877, Mulyandry 2871, Ooma 2871, Wirrinya 2871, Yarrabandai 2875, Bedgerabong 2871, Paytens Bridge 2871

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