Thinking about buying in Forest? Now could not be a better time, with just 269 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $339,000 with prices in this suburb ranging from $29,000 to $2,842,000. Forest is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In Forest there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Forest due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Forest leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Forest to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
18 OLLINGTON ST, FOREST, TAS, 7330 | $95,000 |
Forest Primary School
(While the above schools are located with the suburb of Forest there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.4 | 11.0 | 22.1 | 51.4 | 89.7 | 6.1 | 24.5 |
Feb | 1.4 | 11.5 | 22.1 | 54.1 | 89.8 | 6.0 | 20.3 |
Mar | 2.2 | 10.1 | 20.4 | 58.5 | 92.1 | 5.4 | 14.9 |
Apr | 2.1 | 7.9 | 18.0 | 66.6 | 96.8 | 4.8 | 10.5 |
May | 3.5 | 6.5 | 15.4 | 71.0 | 97.1 | 4.9 | 6.9 |
Jun | 3.0 | 4.8 | 13.9 | 73.3 | 97.4 | 4.3 | 6.0 |
Jul | 4.4 | 5.1 | 13.2 | 72.1 | 96.6 | 5.2 | 6.1 |
Aug | 4.1 | 4.8 | 13.5 | 68.4 | 96.7 | 5.4 | 9.1 |
Sept | 2.9 | 6.0 | 15.0 | 65.9 | 97.1 | 5.7 | 13.2 |
Oct | 2.1 | 6.8 | 16.6 | 60.9 | 95.9 | 5.8 | 18.8 |
Nov | 2.2 | 8.5 | 18.2 | 59.3 | 95.0 | 6 | 21.9 |
Dec | 1.8 | 9.8 | 20.1 | 54.5 | 91.1 | 6.2 | 24.7 |
source: Australian Government Bureau of Meteorology
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