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Forde suburb profile

Forde is a modern and family-friendly suburb located in the Gungahlin district of Canberra, ACT. Known for its well-planned layout and abundance of green spaces, Forde offers a peaceful residential environment with a strong sense of community. The suburb features a mix of contemporary homes and townhouses, catering to a diverse range of residents. Forde is surrounded by natural reserves, including Mulligans Flat Woodland Sanctuary, providing ample opportunities for outdoor activities and wildlife observation. With convenient access to local schools, shops, and public transport, Forde is an appealing choice for families and professionals seeking a balanced lifestyle.

Forde property market performance

Current median dwelling price$747,500Past 3 months

Property growth+3.1%Past 12 months

Forde's property market has shown positive growth over the past 12 months, with house values increasing by 5.1%. The current median house price stands at $1.16 million, reflecting a steady demand for houses in the area. However, there has been no activity in the unit market, with no units sold or rented, indicating a lack of supply or demand for this property type.

In terms of sales activity, 26 houses were sold over the last 12 months, with properties spending a median of 44 days on the market, suggesting a moderate pace of sales. The absence of unit sales further highlights the focus on the housing market in Forde.

The rental market for houses has seen a significant increase, with average rents rising by 9.6% over the past year, reaching $800. This suggests a strong demand for rental houses, while the unit rental market remains inactive.

HousesUnits
Median price
Past 3 months
$1.16MN/A
Change in value
Past 12 months
5.1%N/A
Sold
Past 3 months
26N/A
Median days on market
Past 12 months
44N/A
Average rent
Past 12 months
$800N/A
Change in rent
Past 12 months
9.6%N/A

5 year median price trend for houses and units

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Forde demographics

Forde, located in the northern suburbs of Canberra, is a family-friendly area known for its modern amenities and community-oriented lifestyle. With a population of 4,435, Forde is a relatively young suburb, with a median age of 35, reflecting its appeal to young families and professionals. The suburb's high median household income of $3,553 per week indicates a prosperous community, likely due to its proximity to employment hubs and quality educational institutions.

The family-centric nature of Forde is evident, with 63.5% of households being couple families with children, making it an ideal location for those seeking a supportive environment to raise a family. Additionally, 25.3% of households are couple families without children, and 10.4% are one-parent families, showcasing a diverse family structure within the community. The suburb's layout and facilities cater to these demographics, with parks, schools, and recreational areas readily accessible.

In terms of property ownership, Forde has a strong homeownership rate, with 60.3% of properties owned with a mortgage and 16.6% owned outright. This suggests a stable housing market with a significant number of residents committed to long-term living in the area. Meanwhile, 23% of properties are rented, providing options for those who prefer flexibility. Forde's blend of modern living, community spirit, and convenient location makes it a desirable suburb for families and professionals alike.

Forde infrastructure, key developments and investment opportunities

Forde benefits from established community infrastructure, including Burgmann Anglican School, several childcare centres, local shops, cafes, parks and dog parks, all of which support strong appeal for families and underpin consistent housing demand.[6][7] The suburb is relatively new, with development commencing from 2008, and its planned layout, green spaces and proximity to nature reserves contribute to its ongoing desirability as a low-density, family-oriented area.[7]

There are currently no widely reported major new infrastructure projects or large-scale redevelopments specific to Forde that are expected to significantly alter the local property market in the short term. Instead, the suburb’s performance is likely to continue to be driven by its established amenities, access to employment hubs in Gungahlin and the broader Canberra area, and broader ACT planning and transport upgrades occurring at a district level.[6][7]

Forde rental market trends

The rental market in Forde has experienced growth, with house rents increasing by 9.6% over the past year to $800 per week. However, there has been no change in unit rents, which remain at $0, indicating a potential lack of available units. Forde continues to attract interest due to its family-friendly environment and proximity to amenities.

Suburbs near Forde

Some popular suburbs near Forde include:

How does Forde compare to nearby suburbs?

  • Median house prices: Forde’s median house price is 15.5% higher than Bonner’s.
  • Median unit prices: Forde’s median unit price is 25.8% lower than Gungahlin’s.
  • House price growth: Over the past 12 months, house prices in Forde have grown 0.9% higher than in Amaroo.
  • Unit price growth: Over the past 12 months, unit prices in Forde have grown 4.6% higher than in Amaroo.
  • Selling speed for houses: Properties in Forde are selling 6.4% faster than in Bonner.
  • House price growth: Over the past 12 months, house prices in Forde have grown 4.4% higher than the average rate of growth across Canberra.
  • Unit price growth:Over the past 12 months, unit prices in Forde have grown 45.8% higher than the average rate of growth for units across Canberra.

Common questions about Forde

  • Is Forde a nice place to live?

    Forde is a delightful suburb that offers a charming and peaceful environment, making it a wonderful place to live. Its modern design and abundance of green spaces create a serene atmosphere that is perfect for families looking for a supportive and community-oriented lifestyle. The suburb is known for its strong community spirit and offers a variety of contemporary homes and townhouses that cater to diverse residents. With its proximity to natural reserves, Forde provides ample opportunities for outdoor activities, making it an attractive choice for nature enthusiasts.

    Families will find Forde particularly appealing due to its excellent amenities, including local schools, childcare centres, and parks. The suburb's layout is designed to cater to family needs, ensuring that everything from shopping to recreational activities is conveniently accessible. Safety is generally not a major concern, contributing to the suburb's family-friendly reputation. While Forde may not have the bustling nightlife of inner-city areas, it compensates with its tranquil setting and strong community ties.

    One of the trade-offs of living in Forde is that it may not offer the same level of excitement or cultural activities as more urban areas. However, its proximity to employment hubs in Gungahlin and the broader Canberra area ensures that residents have easy access to work opportunities. The suburb's established infrastructure and consistent housing demand make it a stable and desirable place to call home. For those seeking a balanced lifestyle with a focus on family and community, Forde is a fantastic choice.

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  • Is it expensive to live in Forde?

    Living in Forde can be quite an investment, especially when you compare it to other areas. The median house price is around $1,155,000, which is on the higher side. For those considering renting, the average rent for houses is $800 per week. Interestingly, there are no current data for unit prices or rents, which might suggest a limited availability of such properties in the suburb.

    The average annual wage in Forde is approximately $80,000, which translates to a weekly income of about $1,548. When you look at the median total household income, which is $3,553 weekly, it suggests that many households might have dual incomes. This is significantly higher than the average wage, indicating that residents may have a higher earning capacity compared to other parts of the ACT.

    Overall, while Forde offers a relatively high household income, the cost of housing is also substantial. If you're thinking of living in Forde, it's essential to weigh these factors and ensure your financial situation can comfortably accommodate the costs associated with this suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Forde a good place to invest?

    Forde presents a promising investment opportunity, particularly for those interested in the housing market. Over the past year, the suburb has experienced a 5.1% increase in median house values, indicating a steady appreciation in property prices. This growth, coupled with a significant 9.6% rise in house rents, suggests a strong demand for rental properties, making it an attractive option for investors seeking rental income.

    While the unit market in Forde has remained stable with no change in median values or rents, the suburb's overall appeal lies in its family-friendly environment and community-focused amenities. The stability in the unit market could appeal to investors looking for low-risk, long-term investments, as it suggests a consistent demand without the volatility seen in other areas.

    Overall, Forde's combination of steady house price growth and rising rental yields makes it a compelling choice for investors. The suburb's appeal to families and its stable unit market further enhance its investment potential, offering a balanced mix of growth and reliability.

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Choose the right real estate agents in Forde

Choosing the right real estate agent in Forde can have a big impact on your sale. While there are 42 real estate agents working in the suburb, but just 5 of them were responsible for 42.7% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.3% to 2.85%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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