Suburb Profile Report for Forest Lodge NSW (2037)

Forest Lodge House: Median price $1,585,000, Annual capital growth 10.56%, Number of sales 33, Weekly median advertised rent $850

Forest Lodge Unit: Median price $1,047,500, Annual capital growth 9.44%, Number of sales 75, Weekly median advertised rent $630

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Forest Lodge, 2037 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.28%.

If we look at median property appreciation over just the last three months, Forest Lodge has given property investors a paper return of 5.67%. This puts Suburb as 311 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Forest Lodge are currently offering property investors an average price cut of -3.33% below the asking price at the moment.

In the last year 33 properties changed hands in Forest Lodge, which puts it as the 894th most active market in NSW when comparing the number of sales per suburb.

With a capital gain of -1.30% for the last 12 months, Forest Lodge, 2037 has performed for property investments than its average annual 9.44% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Forest Lodge,2037 has racked up an average of -1.30% over the period. This ranks it number 832th 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 -5.95% below the asking price at the moment.

In the last year 75 properties changed hands in Forest Lodge, which puts it as the 210th most active market in NSW when comparing the number of sales per suburb.

Situated 2.34km from the CBD, Forest Lodge is one of Sydney localities in the postcode 2037.

YIP MAG Information supplied by:

YIP MAG
June 2016

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In the increasingly trendy inner west of Sydney, Forrest Lodge has seenĀ a huge boom in its stock on market over the past yearFull summary In the increasingly trendy inner west of Sydney, Forrest Lodge has seen a huge boom in its stock on market over the past year.

According to Real Estate Investar, stock has increased by 422.2% during that period.

That boom could be the result of vendors looking to cash in on the suburb’s strong performance in recent years, with both units and houses in Forest Lodge commanding impressive prices.

The current median house price is $1,470,000, having grown 72% in the last five years, while the median unit price has risen 35% over the same period, to $840,000.

It’s easy to see why prices are that high in Forest Lodge, as it neighbours the hip suburb of Glebe and is also right next door to the University of Sydney.

Parramatta Road makes the centre of Sydney only a short drive away, while the light rail system also links the suburb to the CBD and Darling Harbour.Close
Metrics i HOUSE UNIT
$1,585,000 $1,047,500
5.67% 2.95%
4.28% -1.30%
10.56% 9.44%
$850 $630
33 75
2.79% 3.13%
46.53 61.27

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2720
Median household income ($/weekly) 1773
Median age of persons 31
Median housing loan repayment ($/monthly) 3000
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 405 14.9
    25-34 years 723 26.6
    35-44 years 457 16.8
    45-54 years 293 10.8
    55-64 years 224 8.2
    Others 619 22.7
    Age Group
    Census Count Percent(%)
    Not Married 1163 53.7
    Registered Married 633 29.2
    Defacto Relationship 370 17.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1629 64.1
    Croatia 63 2.5
    Papua New Guinea 83 3.3
    United Kingdom 201 7.9
    Other 193 7.6
    Others 374 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 91 3.8
    Christianity 986 41.0
    Hinduism 29 1.2
    Islam 30 1.2
    No Religion 1224 50.9
    Others 43 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 118 11.1
    $2,000-$2,499 86 8.1
    $2,500-$2,999 121 11.4
    $3,000-$3,499 82 7.7
    $4,000 or more 140 13.2
    Others 512 48.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1092 48.6
    Not in the labour force 489 21.8
    Employed, worked part-time 480 21.4
    Employed, away from work 93 4.1
    Unemployed, looking for work 92 4.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 257 15.4
    Professionals 750 45.1
    Community & personal service workers 161 9.7
    Clerical & administrative workers 209 12.6
    Sales 105 6.3
    Others 182 10.9
    Occupation
    Census Count Percent(%)
    Pre-school 32 4.1
    Infants/Primary 113 14.6
    Secondary 72 9.3
    Technical or Further Educational Institution 60 7.8
    University or other Tertiary Institutions 475 61.4
    Others 22 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1553 61.2
    Flat, unit or apartment 762 30.0
    Separate house 204 8.0
    House or flat attached to a shop, office 19 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 641 56.3
    Being purchased 288 25.3
    Fully owned 206 18.1
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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