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Home Suburb Profiles Regional Victoria Mitchell Shire Forbes
Mitchell Shire
Forbes

Forbes Property Market
& Suburb Profile

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MEDIAN PRICES IN FORBES

Median house price

(all agencies, last 12 months)$1.0m*

House price change

(all agencies, last 12 months)-8.74%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

FORBES PRICE TRACKER

Houses

FORBES INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$532pw

House rental price change

(all agencies, last 12 months)0.01%

Average rental yield for Houses

(all agencies, last 12 months)2.94%

Forbes total population size

(as at the last census)158

Median household size in Forbes

(as at the last census)2.7

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

FORBES PROPERTY TYPES

  • Houses 67%
  • Other 33%

OCCUPANCY IN FORBES

  • Owned 74%
  • Rented 12%
  • Other/Not Stated 14%
  • Singles 26%
  • Families 65%
  • Other -4%

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ABOUT FORBES

Forbes is a prestigious and highly sought-after rural enclave within the Mitchell Shire, renowned for its expansive lifestyle estates and prime agricultural land.

Positioned just north of Kilmore, this tranquil locality is defined by its gently undulating plains and sweeping views of the surrounding ranges, offering a sophisticated country lifestyle that prioritises space and privacy.

The area is favored by those seeking significant acreage, whether for equestrian pursuits, hobby farming, or high-end residential retreats, all set against a backdrop of established eucalyptus and wide-open skies.

Residents benefit from the ultimate "best of both worlds" scenario, enjoying the quietude of a secluded rural setting while remaining only minutes away from the boutique shopping, historic cafes, and elite schooling options, such as Assumption College, in nearby Kilmore.

With seamless access to the Northern Highway and regional rail links, Forbes represents an exceptional opportunity for families and professionals to secure a premium slice of Victoria’s northern corridor without compromising on metropolitan connectivity.

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FORBES MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)		Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)		Rental Yield
20262$1,017,500-8.74%2$532pw2.94%
20251$1,150,0003.13%3$534pw2.96%
20242$1,115,0001.35%2$501pw2.65%
20233$1,100,000-10.20%0$463pw2.48%
20221$1,225,00018.93%0$451pw2.49%
YearSoldMedian Sale Price
(All Residential)		Sales Growth YoY
20262$1,017,500-8.74%
20251$1,150,000+3.13%
20242$1,115,000+1.35%
20233$1,100,000-10.20%
20221$1,225,000+18.93%
YearLeasedMedian Rental Price
(All Residential)		Rental Yield
20262$532pw2.94%
20253$534pw2.96%
20242$501pw2.65%
20230$463pw2.48%
20220$451pw2.49%

BROWSE MORE SUBURBS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 28 February 2025 to 28 February 2026, last updated 28 February 2026.