Question 1

Is Tallwoods Village a nice place to live?

Accepted Answer

Tallwoods Village sits just inland from the beaches and lakes around Forster and Tuncurry and has the feel of a suburban estate, with mostly modern detached homes on garden blocks, leafy streets and pockets of native bush that give a hinterland edge to everyday life. Outdoor recreation is close at hand, with beaches, lake access and national park walking nearby, and the suburb is built around the Tallwoods Village golf course, the area's main local facility. Forster’s shops, cafes and community services are within easy reach.

It is a small community of 993 people with a median age of 60 and a typical household income of $1,314 a week (about $68,300 a year). Couple families without children make up 68.2% of families, and around nine in ten dwellings are owner-occupied (60.9% owned outright, 30.2% with a mortgage), while renters are 8.9%. Those facts underline the suburb’s appeal to retirees, established households and commuters seeking a quieter coastal lifestyle close to Forster; it is less common for renters.

Question 2

Is it expensive to live in Tallwoods Village?

Accepted Answer

Buying a house in Tallwoods Village sits at about $1,050,000, which is roughly 15.4 times a typical local household's annual income as recorded at the last Census (weekly household income $1,314, annualised to $68,328). Renting a house here at about $650 a week would take roughly 49.5% of a typical local household's weekly income at the last Census, a large share. If you're renting, that rent share is the figure that matters; if you're looking to buy, the price multiple is the key number. Whether those numbers feel 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 Tallwoods Village a good place to invest?

Accepted Answer

House values in Tallwoods Village rose 13.0% over the past 12 months, a strong increase in what houses are worth. Over the same period house rents rose 2.7%, a modest gain in rental income. For someone weighing Tallwoods Village as an investment, these figures show the past year was led by capital growth on houses rather than by rental growth, so the price movement outpaced rent growth. Whether that balance suits your investment goals and circumstances is something only you can decide.

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	$1.05M	N/A
Change in value Past 12 months	13.0%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	88	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	2.7%	N/A

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