Suburb Profile Report for Forest Lodge NSW (2037)

Forest Lodge House: Median price $1,500,000, Annual capital growth 8.86%, Number of sales 30, Weekly median advertised rent $850

Forest Lodge Unit: Median price $1,100,000, Annual capital growth 10.62%, Number of sales 86, Weekly median advertised rent $630

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

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
HOUSE UNIT
$1,500,000 $1,100,000
-0.66% 1.38%
5.63% 17.96%
8.86% 10.62%
$850 $630
30 86
2.95% 2.98%
42.84 60.91

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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Recent sales & rentals