Suburb Profile Report for Forest Lake QLD (4078)

Forest Lake House: Median price $425,199, Annual capital growth 3.19%, Number of sales 412, Weekly median advertised rent $395

Forest Lake Unit: Median price $310,000, Annual capital growth 2.94%, Number of sales 15, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Forest Lake has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.05%

Over the longer term, Forest Lake has seen property prices show investors a 9.03% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Forest Lake are currently offering property investors an average price cut of -4.32% below the asking price at the moment.

On average over the past year, suburb has had 34.33 sales per month, which equates to 412 per year.

Property investors should expect to get $395 weekly from the median priced house in this suburb.

Forest Lake, 4078 ranked 231th in QLD when comparing growth in median property values or capital gain over the last 12 months. Forest Lake is one of 2415 in our list for QLD

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.05% offered to property buyers. Sellers in Forest Lake itself are offering an average vendor discount of -6.48% to real estate investors.

In the last year 15 properties changed hands in Forest Lake, which puts it as the 339th most active market in QLD when comparing the number of sales per suburb.

A $345 per week rent on the median house gives suburb investors a gross yield of circa 5.79%, without taking into account capital value appreciation, which has been averaging out at 2.94%.

Metrics i HOUSE UNIT
$425,199 $310,000
-1.12% N/A
0.05% -1.27%
3.19% 2.94%
$395 $345
412 15
4.83% 5.79%
49.6 107.2

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
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