Forrest ACT 2603, Australia
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sale | 28 Mar 2008 | $2,725,000 | $609 |
| Sale | 28 May 1993 | $500,000 | $111 |
Price per m² based on land size of 4474 m².
The site sits on approximately 4,474 m² of land, providing a sizable footprint for commercial development
Forrest is the second‑most socio‑economically advantaged suburb in Australia, with a high concentration of professionals and strong median incomes, offering access to a well‑offered market
Within a 0.5‑kilometre radius there are multiple hotels (Rydges Canberra, Burbury Hotel, Little National Hotel), the Manuka shopping centre, Manuka Oval, and several churches and a fire station, all of which support hospitality, retail and service needs
Forrest lies within Canberra’s original street layout, providing connections to major arterial roads such as Canberra Avenue, and is only a short walk from the commercial hub of Manuka
Forrest contains multiple heritage‑listed precincts and streetscapes; any development may need to comply with local conservation measures to preserve the suburb’s historic character
Being less than 0.5 km from Manuka Oval and the associated entertainment facilities offers opportunities for event‑related services, hospitality, and increased foot traffic during sporting and cultural activities
With over 40 % of residents employed in professional or central‑government roles and median weekly personal incomes more than double the national average, the area supports businesses targeting high‑spending, educated clientele
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