Forest Lodge has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.82% to date .
Taking the average capital gain, or increase in median house value, Forest Lodge,2037 has racked up an average of -0.82% over the period. This ranks it number 1247th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Forest Lodge are currently offering property investors an average price cut of -4.37% below the asking price at the moment.
With the median price for a house in Forest Lodge being $1507500 and the advertised rent reaching $850 the gross rental yield for property investors calculates out to be 2.93%
With a capital gain of 3.20% for the last 12 months, Forest Lodge, 2037 has performed for property investments than its average annual 9.43% property growth over the last 5 years.
While Forest Lodge,2037 ranked number 411th in NSW for increase in median house value (annualised) increase, it is ranked 393th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Forest Lodge is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 40th in terms of most discounted suburbs in NSW
Property investors should expect to get $630 weekly from the median priced house in this suburb.