68 The Lakes Way , Forster NSW 2428
This property is Off Market
- Last sold 8/4/2020 for $350,000. The Average property price in this area is $860,317, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 2.14 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential flood risk
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/24/2024 8 WILLS CT $693,000
- 10/24/2024 4 VISTA DEL MAR $670,000
- 10/23/2024 24 GRANGE CRES $1,350,000
- 10/23/2024 15 GREENVIEW CL $2,000,000
- 10/22/2024 39 HEAD ST $1,199,000
About Forster
With an average age of 63, households expect an average monthly mortgage payment of $675 or a weekly rent payment of $390. The average family earns a weekly income of $956 with a typical household size of 1.9 and a 97.73% employment rate.
In Forster 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. Low average incomes in Forster is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Forster 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Forster we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Forster a better buying opportunity than it may have been in the past.
General Points of Interest
Tuncurry Plaza Shopping Centre
Tuncurry Splash Park
Stockland Forster
Ocean Baths
Forster Tuncurry Golf Course
Great Lakes Aquatic Leisure Centre
Great Lakes Squash Centre
Lakeside Baths
Tuncurry Golf Course
Cape Hawke Lookout
Population
(Country of Birth not stated 11%)
Are people healthy?
There are a recorded 1975 asthma sufferers and 1276 people living with diabetes. In addition, 1301 people have a heart/vascular condition and 1832 people live with three or more chronic diseases.A good place to invest in property?
Forster a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
04 / 100
31 / 100
Industry
11 / 100
22 / 100
Population
10 / 100
19 / 100
House Prices
44 / 100
60 / 100
Jobs
13 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsGLC Snr C Forster PS GLC Forster
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Coolongolook Public School
Coolongolook, NSW, 2423 State K-6 -
Pacific Palms Public School
Boomerang Beach, NSW, 2428 State K-6 -
Great Lakes College Senior Campus
Tuncurry, NSW, 2428 State 11-12 -
Tuncurry Public School
Tuncurry, NSW, 2428 State K-6 -
Hallidays Point Public School
Diamond Beach, NSW, 2430 State K-6 -
Forster Public School
Forster, NSW, 2428 State K-6 -
Holy Name Primary School
Forster, NSW, 2428 Independent K-6 -
Great Lakes College Forster Campus
Forster, NSW, 2428 State 7-10 -
Great Lakes College Tuncurry Campus
Tuncurry, NSW, 2428 State 7-10
Property Story
68 The Lakes Way , Forster, Nsw, 2428 is a residential property with 3 bedrooms, 1 bathrooms and Parking spaces. The estimated value of this home is $510,000 while properties of this type typically sell for between $470,000 and $3,950,000 in this suburb. The estimated distance to the sea is 2.14km and 0.36KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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