Real Estate Foster Vic 3960

Real Estate Market: Is Foster VIC 3960 a Good Suburb to Buy Into?

Housing Market in Foster

Key Foster Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Latrobe	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$434	Bottom 4%	163% to Apr 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Foster

Foster Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS, BASIX and Microburbs, 2002 - 2023

Foster

51.0%

Latrobe

33.6%

Compare
Suburbs

Field	Value	VS Latrobe	Trend
Development applications	0	Bottom 38%	to 0 to Jun 2025
Developments	0.2	Bottom 24%	Data for Jul 2023
Housing Stock Quality Indicator	41.2	Top 17%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
New Dwellings	1	Bottom 1%	Data for Dec 2019
Number of Subdivisions	6 lots	Top 34%	Data for Jul 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	5	Top 22%	25% to Apr 2025

Housing Stock Quality in Foster

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings, BASIX and Microburbs, 2006 - 2023

Field	Value	VS Latrobe	Trend
Houses	88.8%	Bottom 19%	1% to Jan 2021
Average bedrooms - all homes	2.0	Bottom 15%	4% to Jan 2021
NBN connection: fibreoptic cable to node	1.2%	Top 21%	Data for Jun 2023

Development Restrictions in Foster

Foster Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Foster

23.9%

Latrobe

30.6%

Compare
Suburbs

Field	Value	VS Latrobe	Trend
Total area	170.0 sq km	Top 6%	Data for Jan 2021
Heritage overlay total area	0.0 sq km	Top 41%	Data for Jun 2023
Residential density	4450 sqm per resident	Top 27%	Data for Jan 2021

Risk in Foster

Foster Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Foster

34.3

Latrobe

36.1

Compare
Suburbs

Field	Value	VS Latrobe	Trend
% Owner Occupied	87.0%	Bottom 32%	1% to May 2023
% Rentals	13.0%	Top 33%	10% to May 2023
Housing Affordability Index	33	Top 47%	Data for Jun 2023
Median monthly mortgage	$1,950	Top 49%	68% to May 2023
Rent Affordability Index (Houses)	80	Top 37%	Data for Jun 2023
Rent Affordability Index (Units)	75	Bottom 41%	Data for Jun 2023
Mortgage as a percent of income	31.8%	Top 12%	8% to Jan 2021
Mortgaged Dwellings	22.2%	Bottom 10%	12% to May 2023

Housing Demand in Foster

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

Foster

49.8%

Latrobe

55.8%

Compare
Suburbs

Field	Value	VS Latrobe	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	10800	Bottom 42%	15% to Dec 2036
Historical Population (SA3)	73700	Top 42%	43% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	31600	Top 35%	22% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium

Unit Market in Foster

Foster Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Latrobe	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$389	Bottom 15%	128% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	88.4%	Top 20%	27% to Mar 2025

Realtors (2)

Headline	Place	Datetime
Paragreen Real Estate Pty Ltd
SEJ Real Estate	8 Station Rd

Accommodation Options (5)

Median House Rental Prices by Street (4)

Level_0	Street	Date	Median rent (per week)
112330	Hoddle Rd	18 Apr 2025	$400
112195	Devlin Rd	18 Apr 2025	$415
112654	Station Rd	18 Apr 2025	$325
77940	Victory Ave	06 Mar 2025	$325

Percent of Renters by Street (96)

Percent of Renters	Street
0.0%	Anderson Rd
0.0%	Albert Ct
0.0%	Allan Ct
0.0%	Apex Ct
3.5%	Ameys Trk

LGA Details (1)

Headline	Place	Datetime
Local government area	South Gippsland

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
31 May 2024	303900.0	Pioneer St
06 Oct 2023	$454,300	Ameys Trk
06 Oct 2023	$383,800	Hyland St
06 Oct 2023	$395,000	Victory Ave
06 Oct 2023	$350,000	Winchester St

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Nelson St	10 May 2024	$697,500
Oberon Vsta	10 May 2024	$1,232,000
Oram Rd	10 May 2024	$1,150,000
Parkside Cr	10 May 2024	$775,000
Fullers Rd	10 May 2024	$795,000

Turnover Rate by Street (83)

Turnover rate	Street	Turnover Label	Turnover Years	Year
66.7%	Albert Ct	quite tightly held	Every 15.0 years (quite tightly held)	2025
96.0%	Station Rd	high turnover	Every 10.4 years (high turnover)	2025
66.7%	Landing Rd	quite tightly held	Every 15.0 years (quite tightly held)	2025
95.0%	Hoddle Rd	high turnover	Every 10.5 years (high turnover)	2025
86.5%	Victory Ave	average turnover	Every 11.6 years (average turnover)	2025

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
1 Berry St	$440,000	4.0	1.0	4.0	14 Apr 2025	On Market
108 Elphicks Rd	$880,000	4.0	2.0	6.0	03 Apr 2025	On Market
108 Elphicks Rd	$880,000	4.0	2.0		03 Apr 2025	On Market
16 Toora Rd	$380,000	3.0	1.0		20 Mar 2025	On Market
16 Toora Rd	$380,000	3.0	1.0	3.0	20 Mar 2025	On Market

Planning Applications: Dwellings (13)

Headline	Place	Date
Develop land with a dwelling and vary a restrictive covenant - South Gippsland Shire Council 2024/178	8 Forest Rise Foster VIC 3960	20 Dec 2024
Develop land with a dwelling and associated domestic outbuilding - South Gippsland Shire Council 2024/197	11 Oberon Vista Foster VIC 3960	29 Nov 2024
Construct a building associated with Agriculture (cattle yard cover) - South Gippsland Shire Council 2024/127	397 Foster-Promontory Road Foster VIC 3960	19 Jun 2024
Development associated with existing dwelling (shed extension) - South Gippsland Shire Council 2023/324	680 Foster-Promontory Road Foster VIC 3960	11 Jan 2024
Develop land with two (2) dwellings and two (2) lot subdivision - South Gippsland Shire Council 2023/172	5 Pioneer Street Foster VIC 3960	18 Aug 2023

Planning Applications: Other (11)

Headline	Place	Date
Use and development of the land for industry (distillery) and camping (glamping) - South Gippsland Shire Council 2023/57	340 Lower Franklin Road Foster VIC 3960	02 Jun 2023
Variation of Licence - Victorian Commission for Gambling and Liquor Regulation 64947A04	343 Fish Creek-foster Rd, Foster 3960, VIC	08 Apr 2022
Develop land with two (2) dwellings associated with existing retirement village - South Gippsland Shire Council 2021/289	Unit 1-39 Linton Court Foster VIC 3960	08 Dec 2021
Use and development of land building associated with Industry - South Gippsland Shire Council 2021/200	21 Toora Road Foster VIC 3960	08 Dec 2021
Producer's Licence - Victorian Commission for Gambling and Liquor Regulation 70243A01	200 Fullers Rd, Foster 3960, VIC	03 Sep 2021

Planning Applications: Industrial (1)

Headline	Place	Date
Use and develop land for a dwelling, rural industry (cider manufacture), manufacturing sales (cellar door), licensed premises, access to a road zone and business identification signage - Use of land for Function Centre, extension of building, extension of operating hours and licensed area - amend endorsed plans to include an underground cellar - South Gippsland Shire Council 2015/367/C	343 Fish Creek-Foster Road Foster VIC 3960	14 Nov 2020

Businesses (34)

Name	Address
Baxter Construction Licensed Builder	10-12 Hall Rd, Foster VIC 3960, Australia
JOHNOELEC PTY LTD	26 Lower Franklin Rd, Foster VIC 3960, Australia
SEJ Real Estate	8 Station Rd, Foster VIC 3960, Australia
Manders Plumbing & Gas Fitting	17 Collis St, Foster VIC 3960, Australia
B.Y. Plumbing Gippsland	Foster, VIC 3960, Australia

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
925 Fullers Rd	$400	4	1	2	07 Apr 2025
925 Fullers Rd	$400	4	1	2	07 Apr 2025
925 Fullers Rd	$400	4	1	2	07 Apr 2025
3 Sparkes Ct	$400	3	1	3	19 Mar 2025
3 Sparkes Ct	$400	3	1	3	19 Mar 2025

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 3, 4 Mine Rd	$300	1.0	1.0	1.0	23 Dec 2024
Unit 3, 4 Mine Rd	$300	1.0	1.0	1.0	23 Dec 2024
Unit 3, 4 Mine Rd	$300	1.0	1.0	1.0	23 Dec 2024
Unit 3, 4 Mine Rd	$300	1.0	1.0	1.0	23 Dec 2024
Unit 3, 4 Mine Rd	$300	1.0	1.0	1.0	23 Dec 2024

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 1, 23 Collis St	$310,000	2.0	1.0	1.0	27 Mar 2025	On Market
Unit 1, 23 Collis St	$310,000	2.0	1.0	1.0	27 Mar 2025	On Market
Unit 1, 23 Collis St	$310,000	2.0	1.0	1.0	27 Mar 2025	On Market
Unit 1, 23 Collis St	$310,000	2.0	1.0	1.0	27 Mar 2025	On Market
Unit 1, 23 Collis St	$310,000	2.0	1.0	1.0	27 Mar 2025	On Market