Suburb Profile Report for Forest Lake QLD (4078)

Forest Lake House: Median price $430,000, Annual capital growth 3.54%, Number of sales 421, Weekly median advertised rent $395

Forest Lake Unit: Median price $310,000, Annual capital growth 3.09%, Number of sales 14, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Forest Lake is an average performer in QLD when comparing median price capital growth over the last year. Forest Lake gave property investors a average capital gain figure when compared to the rest of the state, with 1.53%.

Comparing Forest Lake,4078 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Forest Lake are currently offering property investors an average price cut of -4.64% below the asking price at the moment.

On average over the past year, suburb has had 35.08 sales per month, which equates to 421 per year.

QLD has seen average median house prices change by 0.65% which means that Forest Lake, 4078 has done well for property investors by showing a capital gain of -1.27% over the last year

The five-year average increase in median property values for Forest Lake,4078 has given property investors a potential capital gain of 0.40% across each of those five years.

The QLD suburb of Forest Lake, 4078 is in the Brisbane local government area.

Metrics i HOUSE UNIT
$430,000 $310,000
-0.35% N/A
1.53% -1.27%
3.54% 3.09%
$395 $340
421 14
4.78% 5.70%
48.1 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Forest Lake QLD
Demographics
Total population 22426
Median household income ($/weekly) 1597
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 3494 15.6
    25-34 years 3337 14.9
    35-44 years 3849 17.2
    45-54 years 3102 13.8
    55-64 years 1898 8.5
    Others 6746 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 8318 51.8
    Not Married 5994 37.3
    Defacto Relationship 1744 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 13684 63.2
    Papua New Guinea 1783 8.2
    United Kingdom 1294 6.0
    Viet Nam 685 3.2
    Other 1345 6.2
    Others 2859 13.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 1144 5.5
    Christianity 13481 64.6
    Hinduism 484 2.3
    Islam 420 2.0
    No Religion 5132 24.6
    Others 223 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 689 10.1
    $1,250-$1,499 663 9.7
    $1,500-$1,999 1200 17.6
    $2,000-$2,499 999 14.7
    $2,500-$2,999 679 10.0
    Others 2584 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8042 49.0
    Not in the labour force 4121 25.1
    Employed, worked part-time 2978 18.1
    Unemployed, looking for work 696 4.2
    Employed, away from work 587 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1291 11.1
    Professionals 2258 19.5
    Technicians & trades workers 1540 13.3
    Community & personal service workers 1189 10.2
    Clerical & administrative workers 2092 18.0
    Others 3234 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 316 5.3
    Infants/Primary 2344 39.1
    Secondary 1665 27.8
    Technical or Further Educational Institution 531 8.9
    University or other Tertiary Institutions 970 16.2
    Others 168 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 21149 97.6
    Semi-detached, row or terrace house, townhouse 270 1.2
    Flat, unit or apartment 242 1.1
    House or flat attached to a shop, office 11 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3530 47.9
    Rented 2472 33.6
    Fully owned 1349 18.3
    Other tenure type 12 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals