Suburb Profile Report for Forest Lake QLD (4078)

Forest Lake House: Median price $435,000, Annual capital growth 1.71%, Number of sales 380, Weekly median advertised rent $390

Forest Lake Unit: Median price $303,000, Annual capital growth 0.15%, Number of sales 21, Weekly median advertised rent $345

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

Source: CoreLogic

  • 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 somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.16%.

While Forest Lake,4078 ranked number 332th in QLD for increase in median house value (annualised) increase, it is ranked 452th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Forest Lake is offering property investors an average of -6.63. This rate of discount on properties puts Suburb at number 777th in terms of most discounted suburbs in QLD

With the median price for a house in Forest Lake being $435000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 4.66%

Property value increases in Forest Lake have tracked just lower than the QLD average of 0.69% over the last 12 months.

Forest Lake,4078 has offered an average of -2.26% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Forest Lake is offering property investors an average of -5.76. This rate of discount on properties puts Suburb at number 49th in terms of most discounted suburbs in QLD

On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.

Forest Lake, 4078’s gross rental yield is 5.92%

Metrics i HOUSE UNIT
$435,000 $303,000
1.05% 2.71%
1.16% -2.26%
1.71% 0.15%
$390 $345
380 21
4.66% 5.92%
48.31 87.86

Source: CoreLogic

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