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%.