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Forrest Beach, QLD 4850

Home » QLD Real Estate Data » Hinchinbrook Shire, QLD » Forrest Beach, QLD 4850

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Forrest Beach, QLD 4850 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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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0 thoughts on “Forrest Beach, QLD 4850”

  1. The total adult population (15 years or older) of Forrest Beach 4850 QLD is 1,175, with a median age of 57. Of those, 51.57% are married, 18.30% are divorced or separated, 22.47% are single and 7.49% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $4,852. The median monthly mortgage repayment for households in this suburb is $1,192 which is 24.57% of their earnings.

    Source: ABS Census Data (2021)

  2. Home to approximately 1,048 households, Forrest Beach 4850 is a residential suburb located in Queensland. As of the third quarter of 2023, the average house price in Forrest Beach rests at $336,444. The median weekly rent stands at $279, generating an indicative yield of 4.31% which signifies a more attractive prospect for cashflow-oriented investors.

    The suburb hosts a socio-economic IRSAD score of 896 out of 1,217. This implies that the majority of the residents in Forrest Beach enjoy a reasonable degree of economic resource accessibility and likely occupy skilled occupations.

    Investors would be pleased to note that the suburb particularly exhibits robust fundamentals. The renter to owner ratio stands at an ideal 23%, suggesting a balanced property market, avoiding the drawbacks of areas supersaturated with rental properties. The units to houses ratio is at a low 2% further hinting towards less competition among landlords in attracting tenants thus ensuring stable rental yields.

    Forrest Beach homeowners can expect to fully own their properties over 27 years based on the Affordability Index. This timeframe falls below the standard 30-year mortgage period, painting a favourable picture of the suburb’s property affordability.

    The property supply metrics indicate favourable conditions as well. The stock on market Percentage for homes is at a low 0.38%, and the inventory level equates to 1.66 months. Both figures point out to low supply, which could help sustain property values. Interestingly, the building approvals Ratio for homes sits at 0.0%, indicating scarce upcoming supply that can limit a potential oversupply risk.

    However, investors should note that the days on market (DoM) for houses in Forrest Beach is 428 days. This suggests that homes can stay listed for quite a significantly longer period before they sell, pointing to potentially tepid demand. The vacancy rate (combined for houses and units), is at 1.69% landing in the neutral range indicating balanced vacancy conditions.

    Lastly, the buy search index for houses stands at 3, hinting at a moderate level of buyer interest.

    In light of these statistics, Forrest Beach’s property market exhibits promising potential, especially due to its favourable yield and property fundamentals. Yet, investors should remain cautious considering the area’s lengthy DoM rate. As always, it’s vital to consider multiple metrics and trends when making a real estate investment decision.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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