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Forestville suburb profile

Forestville is a serene suburb located in Sydney's Northern Beaches region, offering a peaceful lifestyle amidst lush greenery. Known for its family-friendly atmosphere, the suburb is surrounded by Garigal National Park, providing ample opportunities for outdoor activities such as bushwalking and picnicking. Forestville features a mix of mid-century homes and modern residences, catering to a diverse community. The suburb boasts convenient amenities, including shopping centers, schools, and public transport options, making it an attractive choice for families and professionals. Its proximity to both the city and natural landscapes enhances its appeal as a tranquil yet connected place to live.

Forestville property market performance

Forestville's property market has shown positive growth over the past 12 months, with house values increasing by 5.3% and unit values rising by 10.6%. The median house price has averaged $2.1 million, while units have averaged $977,500, indicating a strong demand for both property types.

Sales activity has been moderate, with 17 houses and 6 units sold in the past 12 months. Houses are selling faster than units, with a median of 53 days on the market compared to 75 days for units, suggesting a more competitive market for houses.

The rental market in Forestville has also experienced growth, with average rents for houses increasing by 7.3% and units by 4.0% over the last 12 months, reflecting a steady demand for rental properties in the area.

Median price - houses$2.10MPast 3 months

Median price - units$978KPast 3 months

Change in value - houses5.3%12 months

Change in value - units10.6%12 months

Houses sold17Past 3 months

Units sold6Past 3 months

Median DOM - houses53Past 12 months

Median DOM - units75Past 12 months

Average rent - houses$1100Past 12 months

Average rent - units$718Past 12 months

Change in rent - houses7.3%Past 12 months

Change in rent - units4.0%Past 12 months

Forestville demographics

Forestville, nestled in Sydney's Northern Beaches, is a serene suburb known for its family-friendly environment and lush greenery. With a population of 8,659, it offers a peaceful retreat from the hustle and bustle of city life while still providing convenient access to Sydney's amenities. The median age of 43 indicates a mature community, with many families and long-term residents enjoying the suburb's tranquil atmosphere and strong sense of community.

The suburb is predominantly composed of couple families with children, making up 58% of the population, which highlights its appeal to families seeking a nurturing environment for raising children. Additionally, 28.7% of households are couple families without children, and 12.3% are one-parent families, showcasing a diverse family structure within the community. Forestville's high median household income of $2,507 per week reflects the suburb's affluence and the quality of life it offers.

Property ownership in Forestville is strong, with 41.1% of homes owned outright and 38.5% owned with a mortgage, indicating a stable and established community. Only 20.4% of properties are rented, which suggests a preference for long-term residency and investment in the area. The suburb's proximity to natural reserves and parks, along with its excellent schools and community facilities, makes it an attractive choice for families and those seeking a balanced lifestyle close to nature.

Forestville infrastructure, key developments and investment opportunities

Forestville remains a highly sought-after suburb for families due to its quiet, leafy streets and close proximity to both the city and Northern Beaches. While there are currently no major new infrastructure or redevelopment projects reported, the area continues to benefit from its established amenities, including reputable local schools, abundant parks, and access to bushland trails, which support strong demand among buyers seeking lifestyle and convenience.

Public transport provides reliable connectivity to Sydney CBD and surrounding commercial hubs, and the suburb’s strategic location between Chatswood and Warringah Mall enhances its appeal for shopping and employment. No significant council planning changes or new large-scale developments have been announced that would impact the local property market at this time. Forestville's ongoing desirability is underpinned by its family-friendly atmosphere and access to quality education and recreational amenities.

Forestville rental market trends

The rental market in Forestville has experienced moderate growth, with house rents increasing 7.3% over the past year to $1,100 per week, while unit rents have risen 4.0% to $718 per week. With its family-friendly environment and proximity to natural reserves, Forestville continues to attract renters and investors seeking a balanced lifestyle with solid rental returns.

Suburbs near Forestville

Some popular suburbs near Forestville include:

Common questions about Forestville

  • Is Forestville a nice place to live?

    Forestville is a delightful suburb that offers a peaceful and family-friendly environment, making it a wonderful place to call home. Nestled amidst the natural beauty of Sydney's Northern Beaches, Forestville is characterized by its lush greenery and serene atmosphere. The suburb is known for its strong sense of community and welcoming vibe, which is particularly appealing to families looking for a nurturing environment to raise children. The presence of excellent schools and community facilities further enhances its appeal, ensuring that families have access to quality education and recreational opportunities.

    Living in Forestville means enjoying the best of both worlds: the tranquility of nature and the convenience of urban amenities. The suburb is well-connected to Sydney's CBD and surrounding commercial hubs through reliable public transport, making it an ideal location for professionals who work in the city but prefer a quieter lifestyle. Shopping enthusiasts will appreciate the proximity to major shopping centers like Chatswood and Warringah Mall, offering a variety of retail and dining options. For those who love the outdoors, the nearby Garigal National Park provides ample opportunities for bushwalking and picnicking, allowing residents to unwind and connect with nature.

    While Forestville offers a fantastic lifestyle, there are a few trade-offs to consider. The suburb's peaceful atmosphere means it lacks the bustling nightlife and trendiness of inner-city areas. However, this is often seen as a positive by those who value a quieter, more relaxed way of life. Additionally, while property prices reflect the suburb's desirability, they may be higher compared to other areas, which is something to keep in mind for potential buyers. Overall, Forestville is a charming suburb that offers a balanced lifestyle, making it a nice place to live for families and anyone seeking a serene yet connected community.

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  • Is it expensive to live in Forestville?

    Living in Forestville can be quite expensive, especially when you consider the property market. The current median house price is a hefty $2,100,000, while units are more affordable at $977,500. Renting isn't exactly cheap either, with houses averaging $1,100 per week and units at around $718. These figures indicate that housing costs in Forestville are on the higher side, which is typical for suburbs within close proximity to Sydney.

    When it comes to income, the median total household income in Forestville is $2,507 per week, which is relatively high. The average wage in Forestville aligns with the Sydney average at approximately $65,000 per year. However, even with these earnings, the high property prices and rental costs would still consume a significant portion of one's income. This makes living in Forestville a financial stretch for those earning an average salary.

    Overall, Forestville offers a pleasant suburban lifestyle with its leafy streets and family-friendly environment, but it comes with a price tag. If you're considering living in Forestville, it's important to evaluate your financial situation to ensure it can accommodate the higher living costs associated with this desirable 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 Forestville a good place to invest?

    Forestville is showing promising signs as a solid investment suburb, particularly with its recent growth trends. Over the past year, the median house value has increased by 5.3%, while units have seen an even more impressive rise of 10.6%. This indicates a healthy demand for both property types, suggesting that the suburb is attracting interest from buyers and investors alike.

    In addition to property value growth, rental returns in Forestville have also been on the rise. House rents have increased by 7.3%, and unit rents have gone up by 4.0% over the last 12 months. This upward trend in rental prices suggests a strong rental market, making it appealing for investors looking for reliable rental income.

    Overall, Forestville offers a balanced mix of capital growth and rental yield potential. Its steady increase in property values and rental returns makes it an attractive option for those seeking a stable investment opportunity. With its appealing growth figures, Forestville stands out as a suburb worth considering for property investment.

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