Suburb Profile Report for Forest Lake QLD (4078)

Forest Lake House: Median price $440,000, Annual capital growth 1.57%, Number of sales 392, Weekly median advertised rent $395

Forest Lake Unit: Median price $290,000, Annual capital growth -0.36%, Number of sales 25, Weekly median advertised rent $340

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

Giving property investors a an unimpressive capital gain of 1.15% for the last year, Forest Lake, 4078 is the 2529th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Forest Lake,4078 has racked up an average of 1.15% over the period. This ranks it number 2806th in the whole country for real estate investors looking at median house price increases.

At number 753th of QLD’s most discounted properties, Forest Lake is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $395 and the average annual increase in value of a median property of 1.57%, investors should hope to achieve an overall return of 4.67%

Giving property investors a a poor capital gain of -6.45% for the last year, Forest Lake, 4078 is the 1417th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Forest Lake has given property investors a paper return of 0.87%. This puts Suburb as 108 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in Forest Lake are currently offering property investors an average price cut of -7.29% below the asking price at the moment.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of -0.36%, investors should hope to achieve an overall return of 6.10%

Metrics i HOUSE UNIT
$440,000 $290,000
0.00% 0.87%
1.15% -6.45%
1.57% -0.36%
$395 $340
392 25
4.67% 6.10%
57.63 75.22

Source: CoreLogic

DSR Score for property investment : Good (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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