Buyers Agent Forrestfield

As a suburb, Forrestfield experienced rapid growth in the number of residents from the 1950’s through to the 1970’s, with the population reaching a relatively stable level from the early 1990’s through to now. The median house price remains relatively affordable, which is likely due to its location on the outskirts of the city and status as being an older, more established suburb. Property prices do vary throughout Forrestfield, with larger blocks or those overlooking green spaces generally being more valuable than those close to Roe Highway or Tonkin Highway.

It is possible to obtain insights into the key demographics interested in Forrestfield by looking through the Australian census statistics at the people who already call it home. There is a relatively even spread of age groups and most either own their home outright or with a mortgage, suggesting that it’s an area that attracts long term residents. There is also a decent percentage of renters, which can be a good sign if you’re looking to purchase an investment rental property.

The majority of Forrestfield’s population resides in houses with three or more bedrooms, with less than 1% being in a flat or apartment. There’s a huge variation in block size through the suburb. Towards Roe High many are around 400m² to 750m² but as you move towards the centre and southern areas that starts to increase to around 900m². Bordering the green spaces on the eastern side of Forrestfield there are a limited number of larger properties with a few acres of land. Having a larger block is attractive if you’d like to keep subdividing an option as a possible investment strategy.

Due to its steady population, established infrastructure, proximity to green spaces and relative affordability, Forrestfield can provide some great opportunities for real estate investors. Our experienced buyers agents can help you identify those opportunities, and take advantage of them to grow your investment portfolio.

A key part of the property investment process is research and analysis. You need to know everything there is to know about the suburb, including the current buyer interest, planned developments and infrastructure age. You also need to do an analysis of market trends and predict how the local property market is expected to behave in future. This is a complicated process if you’re not familiar with it, which is why partnering with us can be a good move. Our buyers’ advocates can help you navigate the ins and outs of property investment, after all, they’re the experts.

Having a buyers advocate from Search Party Property on your side allows you to feel comfortable knowing that you have a trustworthy and knowledgeable person in your corner, whose sole concern is helping you. Contact Search Party Property today and let’s start working together on making your investment goals a reality.