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%