Forrest

FORREST, VIC 3236 is a small suburb with a population of 257 residents. The age demographics are fairly evenly distributed, with a slightly higher number of residents aged 20-24 and 45-64 years. The suburb has a high percentage of residents commuting by motor vehicle and a significant portion working from home. The educational advantage of students in government schools is moderate, with an ICSEA percentile of 62.0. The top three occupations in the suburb are Managers, Professionals, and Community and Personal Service Workers. For house investors, FORREST presents opportunities with a moderate median house price, indicating affordability. The suburb has shown a high median growth rate, indicating potential for good returns on investment. With a low discount median and a high market absorption rate, there is strong demand in the housing market. The rental yield median is decent, making it attractive for buy-to-let investors. The suburb also has a low vacancy rate, suggesting a steady rental market. FORREST, VIC 3236 is a small suburb with a diverse age demographic and a focus on commuting by motor vehicle. The suburb offers potential investment opportunities, especially in the housing market, due to its affordability, high growth rate, and strong buyer demand. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022