Unit 2,
24 TENNYSON CRESCENT Forrest ACT 2603

About Forrest

With an average age of 49, households expect an average monthly mortgage payment of $4,333 or a weekly rent payment of $1,200. The average family earns a weekly income of $6,611 with a typical household size of 3.1 and a 95.36% employment rate.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Forrest ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Forrest 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. Lower than average industry presence in Forrest we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Forrest a better buying opportunity than it may have been in the past.

Public Transport

EPIC and Racecourse Macarthur Avenue Ipima Street Alinga Street Phillip Avenue Dickson Interchange Swinden Street Elouera Street Sandford Street Canberra

General Points of Interest

Canberra Centre (Monaro Mall Yamba Club Aboriginal Tent Embassy ANU Medical School Taglietti House 03 Mckeown House Australian National University Air Disaster Memorial Burbidge Amphitheatre Royal Military College Golf Club National Capital Exhibition

Population

(Country of Birth not stated 3%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• Canberra Grammar School

  Red Hill, ACT, 2603 Independent K-12

  NAPLAN

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Property Story

Local Developments

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website