Mitchell Shire
Forbes Property Market
& Suburb Profile
FORBES price TRACKER
Forbes Investor Statistics
Median rental price for Houses
(all agencies, last 12 months)$501pwHouse rental price change
(all agencies, last 12 months)0.02%Average rental yield for Houses
(all agencies, last 12 months)2.63%Forbes total population size
(as at the last census)158Median 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)
OCCUPANCY in Forbes
- Owned 74%
- Rented 12%
- Other/Not Stated 14%
- Singles 26%
- Families 65%
- Other -4%
About Forbes
Forbes MARKET INSIGHTS
| Year | Sold | Median Sale Price (All Residential) | Sales Growth YoY |
|---|---|---|---|
| 2025 | 0 | - | no change |
| 2024 | 2 | $1,115,000 | +1.35% |
| 2023 | 3 | $1,100,000 | -10.20% |
| 2022 | 1 | $1,225,000 | +18.93% |
| 2021 | 1 | $1,030,000 | -6.36% |
| Year | Leased | Median Rental Price (All Residential) | Rental Yield |
|---|---|---|---|
| 2025 | 2 | $501pw | 2.63% |
| 2024 | 2 | $501pw | 2.65% |
| 2023 | 0 | $463pw | 2.48% |
| 2022 | 0 | $451pw | 2.49% |
| 2021 | 0 | $431pw | 2.20% |
PROUDLY SERVICING Forbes
Barry Plant
Wallan
- Our other local offices include:
- Kilmore
Barry Plant
Kilmore
- Our other local offices include:
- Wallan
*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 31 October 2024 to 31 October 2025, last updated 31 October 2025.