Suburb Profile Report for Forest Lake QLD (4078)

Forest Lake House: Median price $450,000, Annual capital growth 1.99%, Number of sales 411, Weekly median advertised rent $395

Forest Lake Unit: Median price $300,000, Annual capital growth 0.53%, Number of sales 27, Weekly median advertised rent $330

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

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

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Forest Lake, 4078 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.51%.

When looking at the potential capital gains offered to property investors over the last 3 years, Forest Lake comes in at number 510th in QLD.

LACK OF BUYER INTEREST may well be the reason that Forest Lake is offering property investors an average of -6.80. This rate of discount on properties puts Suburb at number 622th in terms of most discounted suburbs in QLD

At number 974 in a list of fastest selling suburbs, Forest Lake is in the TOP 30% of suburbs in Australia with an average of days on market 55.4684 for properties listed there.

Forest Lake is 469th on a list of best yielding suburbs for rents in QLD with a 4.56% return

Forest Lake, 4078 ranked 207th 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

Forest Lake,4078 was ranked 514 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 -6.27%. This puts suburb at number 95th in QLD when ranking the most discounted suburbs.

In the last year 27 properties changed hands in Forest Lake, which puts it as the 199th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 0.53%, investors should hope to achieve an overall return of 5.72%

Metrics i HOUSE UNIT
$450,000 $300,000
0.11% 0.84%
2.51% -2.76%
1.99% 0.53%
$395 $330
411 27
4.56% 5.72%
55.468422 77.066666

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

DSR Score for property investment : Above average (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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