Forbes
NSW, 2870
Thinking about buying in Forbes? Now could not be a better time, with just 26 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $3,051,000 with prices in this suburb ranging from $3,051,000 to $3,051,000. The aproximate distance to the coast is 268 Km.
Household Makeup
| Median Weekly Rent | $258.00 |
| Median Monthly Mortgage | $1495.00 |
| Median Persons Per Bedroom | 0.70 |
| Average Household Size | 3.00 |
| Average Age | 49.00 |
| Average Income | $794.00 |
| Average Cars Per Dwelling | 2.51 |
| Average Properties Within 50M | 1 |
Housing Stock
Average Property Prices
Forbes Real Estate Market Outlook
In Forbes there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Forbes is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Forbes changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Forbes the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Local Schools
(While the above schools are located with the suburb of Forbes there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Forbes weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.1 | 15.5 | 33.6 | 23.0 | 82.6 | 3.6 | 27.2 |
| Feb | 2.7 | 15.0 | 30.2 | 32.0 | 86.4 | 3.5 | 23.1 |
| Mar | 2.7 | 12.3 | 26.9 | 38.1 | 90.9 | 3.1 | 18.4 |
| Apr | 1.3 | 7.3 | 22.3 | 42.7 | 94.7 | 2.6 | 14.9 |
| May | 1.2 | 3.0 | 17.4 | 50.6 | 96.6 | 2.5 | 11.1 |
| Jun | 2.0 | 2.1 | 13.9 | 61.5 | 97.4 | 2.5 | 9.1 |
| Jul | 1.9 | 0.6 | 13.2 | 61.3 | 98.7 | 2.4 | 9.4 |
| Aug | 1.3 | 0.5 | 14.5 | 52.6 | 98.1 | 2.6 | 12.4 |
| Sept | 1.6 | 2.3 | 18.3 | 44.9 | 96.2 | 2.9 | 17.4 |
| Oct | 1.4 | 5.7 | 23.1 | 36.7 | 94.4 | 3.1 | 22.3 |
| Nov | 2.8 | 9.6 | 27.2 | 30.6 | 91.7 | 3.1 | 25.0 |
| Dec | 2.2 | 12.7 | 30.4 | 24.5 | 85.1 | 3.4 | 27.9 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 30-10-2023 | $2,254,500 | 598 FOREST RD |
| 23-05-2023 | $1,500,000 | 578 ASHBURNHAM RD |
| 07-12-2018 | $750,000 | 1127 NEWELL HWY |
| 17-05-2016 | $505,000 | 1506 NEWELL HWY |
| 16-02-2016 | $1,196,000 | 578 ASHBURNHAM RD |
| 04-02-2016 | $1,458,292 | 180 KOORINGLE RD |
| 24-04-2012 | $975,000 | 326 DOAKEY DR |
Internet Speed
Nearby Suburbs
Public Transport
Parkes - Greater then 10KM
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