At number 1771th in the list of Australian suburbs ordered by increase in median house value over the last year, Forest Lodge, 2037 is in the top half with a property value increase of 5.63% recorded in median house prices.
Forest Lodge,2037 was ranked 2827 in Australia by increase in median property value over the quarter.
The most recent median price for Forest Lodge is $1500000, with sellers offering an average of -6.86% off the asking price.
Using the current median advertised rental of $850 and the average annual increase in value of a median property of 8.86%, investors should hope to achieve an overall return of 2.95%
Forest Lodge, 2037 ranked 59th in NSW when comparing growth in median property values or capital gain over the last 12 months. Forest Lodge is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Forest Lodge has increased when compared to the 5 year average annual rate.
Vendor discounting in Forest Lodge is giving property investors an average Vendor Discount of around -6.48%. This puts suburb at number 43th in NSW when ranking the most discounted suburbs.
Residents and property investors in Forest Lodge have been waiting around 60.91 days to sell a property.
With the median price for a house in Forest Lodge being $1100000 and the advertised rent reaching $630 the gross rental yield for property investors calculates out to be 2.98%