Suburb Profile Report for Forest Lake QLD (4078)

Forest Lake House: Median price $441,500, Annual capital growth 1.85%, Number of sales 387, Weekly median advertised rent $400

Forest Lake Unit: Median price $310,000, Annual capital growth -0.12%, Number of sales 24, Weekly median advertised rent $330

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 0.23% for the last 12 months, Forest Lake, 4078 has performed for property investments than its average annual 1.85% property growth over the last 5 years.

Forest Lake,4078 was ranked 2507 in Australia by increase in median property value over the quarter.

Vendor discounting in Forest Lake is giving property investors an average Vendor Discount of around -4.82%. This puts suburb at number 626th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Forest Lake the average time real estate has been on the market is 60.7839 days.

Over the last year, property investments in Forest Lake, 4078 have given investors a capital gain of 2.31%. This compares favourably with the -0.57% for QLD as a whole.

Forest Lake,4078 has offered an average of 2.31% return per annum in house price rises to property investors over the last three years.

At number 1285 in a list of fastest selling suburbs, Forest Lake is in the bottom 10% of suburbs in Australia with an average of days on market 139.727 for properties listed there.

Advertised rents are around the $330 mark per week – giving a return of 5.54% based on the median price in Suburb

Metrics i HOUSE UNIT
$441,500 $310,000
-1.01% -1.59%
0.23% 2.31%
1.85% -0.12%
$400 $330
387 24
4.71% 5.54%
60.7838616714698 139.727272727273

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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