Thinking about buying in Forge Creek? Now could not be a better time, with just 221 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $615,000 with prices in this suburb ranging from $60,000 to $1,012,000. Forge Creek is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $ |
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Consistent high demand relative to supply is a key feature in Forge Creek driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Forge Creek due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Forge Creek 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. Lower than average population density constrains growth in Forge Creek to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Forge Creek 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.
125 williamson rd, forge creek, vic, 3875 | 3 | 2 | 5 | 1,550,000 |
None within suburb boundary
(While the above schools are located with the suburb of Forge Creek 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 | 1.4 | 13.6 | 26.7 | 44.4 | 92.8 | 4.2 | 23.5 |
Feb | 1.5 | 13.7 | 26.0 | 48.5 | 94.6 | 4.2 | 19.9 |
Mar | 1.8 | 12.1 | 24.2 | 48.6 | 94.7 | 3.9 | 15.8 |
Apr | 1.8 | 9.3 | 21.0 | 51.2 | 95.2 | 3.5 | 12.4 |
May | 1.2 | 6.4 | 17.8 | 53.0 | 93.6 | 3.8 | 9.1 |
Jun | 1.7 | 4.3 | 15.0 | 58.0 | 94.4 | 3.6 | 7.7 |
Jul | 1.3 | 4.3 | 15.1 | 52.9 | 92.3 | 4.0 | 8.2 |
Aug | 1.3 | 4.6 | 15.9 | 49.1 | 92.5 | 4.3 | 10.6 |
Sept | 1.4 | 6.0 | 18.6 | 45.8 | 93.5 | 4.5 | 15.0 |
Oct | 2.1 | 8 | 20.5 | 48.5 | 93.9 | 4.2 | 19.2 |
Nov | 2.3 | 10.1 | 22.6 | 47.0 | 94.0 | 4.3 | 22.4 |
Dec | 2.1 | 12.1 | 24.9 | 44.8 | 93.6 | 4.4 | 25.0 |
source: Australian Government Bureau of Meteorology
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