Question 1

Is Forrestdale a nice place to live?

Accepted Answer

Forrestdale is a delightful suburb that offers a serene and family-friendly environment, perfect for those seeking a peaceful lifestyle with a touch of rural charm. Nestled in the southern part of Perth, it is known for its natural beauty and expansive green spaces, making it an ideal location for nature lovers and those who appreciate a quieter pace of life. The suburb's spacious properties provide ample room for families to grow and enjoy outdoor activities, while the close-knit community fosters a welcoming atmosphere.

Families will find Forrestdale particularly appealing due to its range of local education options, including Forrestdale Primary School and independent schools like Carey Baptist College and the Australian Islamic College. The suburb's proximity to essential amenities ensures that residents have convenient access to shopping, dining, and healthcare facilities, while still enjoying the tranquility of a semi-rural setting. Safety is generally not a major concern, contributing to the suburb's appeal as a family-friendly area.

While Forrestdale offers a peaceful lifestyle, it does come with some trade-offs. The suburb lacks the vibrant nightlife and cultural attractions found in more urban areas, which may not suit those seeking a bustling social scene. However, the ongoing industrial and commercial growth within the Forrestdale Business Park is creating local job opportunities, enhancing the suburb's appeal to both owner-occupiers and investors. Additionally, the suburb's connectivity to major road corridors ensures easy access to the broader Perth area, balancing rural tranquility with urban accessibility.

Question 2

Is it expensive to live in Forrestdale?

Accepted Answer

Living in Forrestdale can be considered somewhat expensive, especially when compared to the average wages in Perth. The median house price in Forrestdale is around $897,125, which is quite high, particularly given that there are no unit options available. This limits more affordable housing choices for those looking to buy property in the area.

Renting in Forrestdale also comes with a hefty price tag, with the average rent for houses over the last year sitting at $730 per week. When you compare this to the median total household income in Forrestdale, which is $1,875 per week, a significant portion of income would be directed towards housing costs. This could be challenging for individuals or families earning around the average Perth wage of $95,000 per year.

Overall, if you are thinking of living in Forrestdale, it's important to consider your financial situation carefully. The suburb offers a peaceful lifestyle with its natural surroundings, but the cost of living, particularly in terms of housing, requires a substantial financial commitment. Balancing the benefits of living in this serene suburb with its housing expenses is crucial for potential residents.

Question 3

Is Forrestdale a good place to invest?

Accepted Answer

Forrestdale is showing some intriguing signs for potential investors, particularly with the significant 40.6% increase in median house values over the past year. This kind of growth suggests a strong demand for houses in the area, which can be appealing for those looking to capitalize on rising property values. However, it's important to note that the unit market hasn't experienced the same level of growth, with no change in median unit values or rents over the last 12 months. This indicates that the demand for units might not be as strong as it is for houses.

In terms of rental income, houses in Forrestdale have seen a modest 2.8% increase in rent, which suggests a steady demand for rental properties. This could be beneficial for investors seeking consistent rental returns. The lack of change in unit rents, however, might mean that units are not currently the best investment choice in this suburb.

Overall, Forrestdale presents a mixed bag for investors. The substantial growth in house values is promising for those looking for capital appreciation, but the stagnant unit market suggests that houses are the more attractive option at the moment. Investors interested in Forrestdale should focus on houses to potentially benefit from both capital growth and rental income.

	Houses	Units
Median price Past 3 months	$865K	N/A
Change in value Past 12 months	16.5%	N/A
Sold Past 3 months	10	N/A
Median days on market Past 12 months	13	N/A
Average rent Past 12 months	$750	N/A
Change in rent Past 12 months	5.6%	N/A

Get a property report and suburb profile for any property in Forrestdale

Forrestdale suburb profile

Forrestdale property market performance

Forrestdale demographics

Suburbs near Forrestdale

Get a head start and compare top local agents in Forrestdale

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market