Thinking about buying in Castle Forbes Bay? Now could not be a better time, with just 113 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $474,000 with prices in this suburb ranging from $79,000 to $2,217,000. The aproximate distance to the coast is 18 Km.
Median Weekly Rent | $333.00 |
Median Monthly Mortgage | $1465.00 |
Median Persons Per Bedroom | 0.90 |
Average Household Size | 2.00 |
Average Age | 51.00 |
Average Income | $558.00 |
Average Cars Per Dwelling | 2.39 |
Average Properties Within 50M | 1 |
2 Bed  $216,000 |
3 Bed  $768,000 |
4 Bed  $647,000 |
5 Bed  $694,000 |
6 Bed+$1,217,000 |
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Castle Forbes Bay 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. Low average earnings from people in Castle Forbes Bay 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. Medium density in Castle Forbes Bay necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Castle Forbes Bay 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 Castle Forbes Bay a better buying opportunity than it may have been in the past.
15 PALMERS RD, CASTLE FORBES BAY, TAS, 7116 | 3 | 1 | 2 | Best offer over $895,000 |
None within suburb boundary
(While the above schools are located with the suburb of Castle Forbes Bay there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.8 | 7.2 | 17.5 | 56.4 | 95.1 | 7.6 | 21.1 |
Feb | 2.2 | 7.1 | 16.7 | 62.5 | 95.4 | 6.3 | 16.8 |
Mar | 2.6 | 6.1 | 14.1 | 69.3 | 96.5 | 6.8 | 11.7 |
Apr | 3.1 | 4.9 | 11.5 | 72.8 | 96.5 | 7.3 | 8.8 |
May | 2.7 | 3.4 | 8.3 | 79.5 | 97.6 | 7.9 | 6.1 |
Jun | 3.3 | 2.4 | 6.8 | 81.6 | 97.8 | 7.8 | 5.0 |
Jul | 3.6 | 1.3 | 5.8 | 82.9 | 98.4 | 7.9 | 5.1 |
Aug | 4.3 | 0.7 | 5.9 | 81.4 | 98.9 | 8.4 | 7.6 |
Sept | 3.7 | 1.9 | 8.4 | 73.6 | 97.7 | 8.7 | 11.7 |
Oct | 3.1 | 2.8 | 11.5 | 65.1 | 97.3 | 7.6 | 17.4 |
Nov | 3.3 | 4.1 | 13.2 | 64.7 | 97.5 | 7.5 | 20.1 |
Dec | 2.8 | 5.6 | 15.2 | 63.0 | 96.3 | 7.3 | 21.6 |
source: Australian Government Bureau of Meteorology
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