Thinking about buying in Forest Grove? Now could not be a better time, with just 207 residential dwellings it's a highly sought after location.
The average property price for this area is $1,918,000 with prices in this suburb ranging from $756,000 to $3,078,000.Distance to the coast is 4 Km.
In Forest Grove 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Forest Grove due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Forest Grove leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Forest Grove to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|Median Weekly Rent||$250.00|
|Median Monthly Mortgage||$1814.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||2.00|
|Average Cars Per Dwelling||2.37|
|Average Properties Within 50M||2.00|
Margaret River Independent School(While the above schools are located with the suburb of Forest Grove there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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