Question 1

Is Forestville a nice place to live?

Accepted Answer

Forestville is a small inner-southern Adelaide suburb with tree-lined streets and a settled residential character. Housing is largely early 20th century cottages and brick family homes, with pockets of newer townhouses from infill. The community of 1,400 people has a median age of 39 and is weighted towards families, with couple families accounting for 83.0% of reported families. Owner-occupation is common, with 67.3% of homes owned outright or with a mortgage, and about one in three homes rented.

Everyday life is shaped by easy access to public transport and main roads, nearby parks and reserves for walking and sport, and the cafes, shops and services of neighbouring Goodwood and Unley. The suburb is also the focus of a government-led mixed-use redevelopment on the former Le Cornu site that will include a market square, an Urban Green School, a rooftop urban farm, extra housing and publicly accessible open space, and there have been bikeway access upgrades plus planned improvements to the Goodwood rail underpass and station.

Question 2

Is it expensive to live in Forestville?

Accepted Answer

On these figures, buying a house in Forestville works out to about 5.1 times a typical local household's annual income as recorded at the most recent Census, which places purchase prices somewhat above what people locally earned at that Census. The median house price used here is $525,500.

If you are looking to rent, a house at $600 a week would take about 30.3% of a typical local household's weekly income at the Census, a sizeable share, while a unit at $520 a week would take about 26.3%, a moderate share. On the figures, renting generally looks more manageable than buying against local incomes, but whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Forestville a good place to invest?

Accepted Answer

Over the past 12 months, house values in Forestville fell sharply, down 37.3%, while house rents rose a modest 4.7%. For someone weighing Forestville up as an investment, the figures show a large fall in house capital value over the year alongside only modest growth in rental income, so the income side has outperformed the capital side this year; whether that balance suits your goals and circumstances is for you to weigh.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$526K	N/A
Change in value Past 12 months	-37.3%	N/A
Sold Past 3 months	18	2
Median days on market Past 12 months	43	N/A
Average rent Past 12 months	$600	$520
Change in rent Past 12 months	4.7%	N/A

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