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Forrestfield suburb profile

Forrestfield is a vibrant suburb located in the eastern part of Perth, Western Australia, known for its family-friendly atmosphere and natural beauty. Nestled at the foothills of the Darling Range, it offers residents a blend of suburban living with easy access to outdoor recreational activities. The suburb features a mix of residential properties, from traditional homes to modern developments, catering to diverse lifestyles. Forrestfield is well-served by local amenities, including shopping centers, schools, and parks, making it an attractive choice for families and professionals. Its proximity to major transport routes ensures convenient connectivity to Perth's CBD and surrounding areas.

Forrestfield property market performance

Forrestfield’s property market has experienced significant growth over the past 12 months, with house values increasing by 17.5%. The current median house price stands at $734,000, reflecting strong demand in the area. However, the unit market remains inactive, with no change in median unit value and minimal sales activity.

Sales activity for houses has been robust, with 82 houses sold over the past 12 months. Houses are selling quickly, with a median of just 26 days on the market, indicating a competitive market environment. In contrast, the unit market has seen negligible activity, with only one unit sold.

The rental market for houses in Forrestfield has also seen positive movement, with average rent increasing by 8.3% over the last 12 months, reaching $650. The unit rental market remains inactive, with no change in rent prices.

HousesUnits
Median price
Past 3 months
$745KN/A
Change in value
Past 12 months
16.1%N/A
Sold
Past 3 months
741
Median days on market
Past 12 months
25N/A
Average rent
Past 12 months
$650N/A
Change in rent
Past 12 months
8.3%N/A

5 year median price trend for houses and units

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Forrestfield demographics

Forrestfield, located in the eastern suburbs of Perth, is a family-friendly area known for its community-oriented lifestyle and convenient access to both urban amenities and natural attractions. With a population of 13,181 and a median age of 38, Forrestfield is home to a balanced mix of families, professionals, and retirees. The suburb's proximity to the Perth CBD, coupled with its tranquil setting, makes it an attractive choice for those seeking a harmonious blend of city and suburban living.

The housing landscape in Forrestfield is predominantly owner-occupied, with 29% of properties owned outright and 47.7% owned with a mortgage. This indicates a stable community with a significant number of long-term residents. The rental market, comprising 23.3% of properties, provides options for those seeking flexibility, including young families and professionals. The suburb's family-friendly nature is further highlighted by the fact that 40.6% of households are couple families with children, while 38.9% are couple families without children, reflecting a diverse family structure.

Forrestfield's community is supported by a range of local amenities, including schools, parks, and shopping centers, which cater to the needs of its residents. The suburb's median total household income of $1,614 per week suggests a comfortable standard of living, with many residents employed in various sectors across Perth. Overall, Forrestfield offers a welcoming environment for families and individuals alike, with its combination of community spirit, accessibility, and lifestyle opportunities.

Forrestfield infrastructure, key developments and investment opportunities

Forrestfield has seen significant infrastructure upgrades with the completion of the Airport Line train connection, providing fast access to Perth City and the airport, which has made commuting easier and is strengthening demand among both home buyers and renters. The suburb also benefits from improved road connectivity due to the completed Gateway Project and its location near major highways, enhancing access to central Perth and surrounding suburbs and supporting further residential and commercial growth.

Education facilities have expanded, including the presence of Dawson Park Primary School and Darling Range Sports College, which contribute to local desirability for families. Forrestfield’s proximity to retail amenities at Hawaiians Shopping Centre, wide green spaces, and sports facilities further bolster its liveability. These ongoing enhancements in transport, amenities, and public infrastructure are expected to drive continued property demand and support sustained price growth in Forrestfield.

Forrestfield rental market trends

The rental market in Forrestfield has experienced moderate growth, with house rents increasing 8.3% over the past year to $650 per week. However, there has been no change in unit rents, which remain at $0, indicating a potential lack of available units. Forrestfield continues to attract interest due to its affordability and proximity to key amenities, making it a viable option for renters seeking value.

Suburbs near Forrestfield

Some popular suburbs near Forrestfield include:

How does Forrestfield compare to nearby suburbs?

  • Median house prices: Forrestfield’s median house price is 4.9% higher than Queens Park’s.
  • House price growth: Over the past 12 months, house prices in Forrestfield have grown 0.9% higher than in High Wycombe.
  • Selling speed for houses: Properties in Forrestfield are selling 16.7% faster than in Beckenham.
  • Investment considerations: In Forrestfield, the rental yield for house is 10.3% lower than the Perth average, while the rental yield for units is 18.2% lower.
  • House price growth: Over the past 12 months, house prices in Forrestfield have grown 22.3% lower than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in Forrestfield have grown 8.4% lower than the average rate of growth for units across Perth.

Common questions about Forrestfield

  • Is Forrestfield a nice place to live?

    Forrestfield is a delightful suburb that offers a harmonious blend of suburban tranquility and convenient access to urban amenities, making it a wonderful place to call home. Nestled at the foothills of the Darling Range, this charming suburb is known for its lush natural beauty and vibrant community spirit. With a variety of residential options, from traditional homes to modern developments, Forrestfield caters to diverse lifestyles, making it an appealing choice for families, professionals, and retirees alike.

    The suburb boasts a relaxed and welcoming vibe, with plenty of green spaces and parks that provide ample opportunities for outdoor recreation and family activities. Forrestfield's proximity to major transport routes, including the newly completed Airport Line train connection, ensures easy connectivity to Perth's CBD and surrounding areas, making commuting a breeze. The suburb is well-equipped with local amenities, including shopping centers, cafes, and schools, which enhance its livability and convenience for residents.

    For families, Forrestfield offers a supportive environment with access to quality education facilities such as Dawson Park Primary School and Darling Range Sports College. The suburb's community-oriented lifestyle and safe environment make it an ideal place for raising children. However, while Forrestfield provides a peaceful suburban setting, it may lack the bustling nightlife and cultural attractions found in more central areas of Perth. Residents seeking a quieter lifestyle will find Forrestfield's serene atmosphere and strong community ties to be a perfect fit.

    Overall, Forrestfield is a fantastic suburb that balances the tranquility of suburban living with the convenience of urban access. It is a great choice for those who value a family-friendly environment, natural beauty, and a strong sense of community. While it may not offer the same level of excitement as inner-city living, its charm and livability make it a desirable place to settle down.

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  • Is it expensive to live in Forrestfield?

    Living in Forrestfield can be considered moderately expensive, especially when compared to the average wage data for Western Australia. The median house price in Forrestfield is currently $734,000, which is relatively high given the suburb's location and amenities. For those looking to rent, the average rent for houses is about $650 per week. It's important to note that there is no current data for unit prices, indicating a limited market for units in the area.

    The average wage in Western Australia is approximately $93,000 per year, which translates to a weekly income of around $1,788. With the median total household income in Forrestfield being $1,614 per week, it suggests that many residents might find housing costs to be a significant portion of their income. This could make it challenging for individuals or families earning the average wage to comfortably afford living in the area without careful financial planning.

    While Forrestfield offers a suburban lifestyle with access to various amenities and transport options, the cost of living, particularly in terms of housing, may require thoughtful consideration if you're thinking of living in this suburb. Balancing the expenses with your income is crucial to ensure a comfortable lifestyle in Forrestfield.

    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 Forrestfield a good place to invest?

    Forrestfield is showing promising signs as a potential investment suburb, particularly for those interested in houses. Over the past year, the median house value in Forrestfield has increased by an impressive 17.5%, indicating strong demand and a healthy market. This growth suggests that the suburb is becoming increasingly attractive to buyers, which could lead to further capital appreciation in the future.

    While the median unit value has remained stable with no change over the last 12 months, the rental market for houses has seen a significant boost, with rents increasing by 8.3%. This rise in rental prices highlights a growing demand for housing in the area, making it an appealing option for investors seeking rental income. The stability in unit values and rents suggests that the unit market may not be as dynamic, but it could offer steady returns for those looking for a more conservative investment.

    Overall, Forrestfield presents a compelling opportunity for investors, especially in the housing sector. The strong growth in house values and rental prices points to a vibrant market with potential for continued appreciation. While units have shown less movement, the suburb's overall performance makes it a worthwhile consideration for those looking to invest in real estate.

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Choose the right real estate agents in Forrestfield

In Forrestfield, 99 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 44.1% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2% and 2.88%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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