Forest Reefs, NSW 2798
Orange City CouncilAll suburbs in postcode 2798
Updated
Median house price
$1,200,000
Median of 9 house sales · NSW Valuer General · calendar 2025
Selling in Forest Reefs?
Get the free selling guide, personalised to Forest Reefs, or ask for a free appraisal from a local agent.
Forest Reefs at a glance
- Median unit
- $315,360
- Weekly rent
- $513
- Houses
- Population
- 537
- Median age 43
Prices: Median of 9 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2798), June 2025 · Population: 2021 Census
House prices in Forest Reefs
Houses change hands at $1,200,000 on a typical sale, in line with the NSW median (9 house sales, NSW Valuer General, calendar 2025). Units come in around $315,360, roughly 74% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $240,000. Prices are in line with the NSW median, so the broader state lending settings apply.
Rental data as of June 2025· NSW rental bond data (postcode 2798)
Free appraisal in Forest Reefs
What’s your home worth in Forest Reefs?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
What to know about Forest Reefs
Forest Reefs (2798) sits in the Orange region of NSW. The median house here is $1,200,000, in line with the NSW median of around $1.10M.
Forest Reefs has roughly 537 residents, with an established, older skew. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Forest Reefs scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 29°C (warm), winter mornings around 1°C (cold). Annual rainfall lands at about 817 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 6 government primary, 1 government secondary, 2 Catholic, 1 independent.
Schools in Forest Reefs
Location
Walkability
- Walk
- 0/100
- Transit
- 0/100
- Bike
- 0/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Forest Reefs's population at 537, with a median age of 43. That sits as an established, older skew. Households are predominantly owner-occupied (82% own, 10% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (81% family households, 16% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 81%
- Lone person
- 16%
- Owner occupied
- 82%
- Renter occupied
- 10%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 2.22% (median rent $513/wk against a $1,200,000 price tag). Renter share is modest (10%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 2.22%
- On the $1,200,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
2 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of January 2026
Weather year-round
- Annual rainfall
- 817 mm
- Hottest month, avg max
- 28.6°C
- Coldest month, avg min
- 1.3°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Forest Reefs
- What is the median house price in Forest Reefs?
- The median house price in Forest Reefs, NSW 2798 is $1,200,000 (median of 9 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $315,360.
- How much is my house worth in Forest Reefs?
- A useful starting point is the Forest Reefs median house price of $1,200,000 (units $315,360). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Forest Reefs a good investment?
- On the published figures, the gross rental yield on houses in Forest Reefs is 2.2%: the median weekly house rent is $513 (NSW rental bond data (postcode 2798), June 2025) against the median house price of $1,200,000 (NSW Valuer General, calendar 2025). No 12-month price change is published for Forest Reefs: the NSW Valuer General figures we hold do not measure one. Whether Forest Reefs is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Forest Reefs postcode?
- Forest Reefs is in the 2798 postcode, in NSW, in the Orange City Council region.
- Where is Forest Reefs?
- Forest Reefs is a suburb in the Orange City Council area, NSW 2798.
- What is the average rent in Forest Reefs?
- The median weekly rent for houses is $513.
- What schools are in Forest Reefs?
- There are 11 schools serving Forest Reefs on this page, including Spring Terrace Public School, Millthorpe Public School, Spring Hill Public School.
- How walkable is Forest Reefs?
- Forest Reefs has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Forest Reefs?
- Forest Reefs is close to Flyers Creek, Waldegrave, Beneree, Tallwood, Cadia.
- What is the population of Forest Reefs?
- The population of Forest Reefs is approximately 537 (2021 Census). The median age is 43.
Selling in Forest Reefs? Get the free selling guide
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.