Suburb Profile Report for Forest Lake QLD (4078)

Forest Lake House: Median price $482,500, Annual capital growth 2.29%, Number of sales 425, Weekly median advertised rent $410

Forest Lake Unit: Median price $278,500, Annual capital growth -1.30%, Number of sales 18, Weekly median advertised rent $330

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Forest Lake, 4078 ranked 449th 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

A 12.21% growth in median value for property investors in Forest Lake,4078 puts this suburb at number 366th in terms of best performing suburbs in QLD

Our latest figures would indicate that property sellers in Forest Lake are currently offering property investors an average price cut of -3.49% below the asking price at the moment.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 2.29%, investors should hope to achieve an overall return of 4.42%

Forest Lake has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.13% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Forest Lake has fallen somewhat when compared to the 5 year average annual rate.

Advertised rents are around the $330 mark per week – giving a return of 6.16% based on the median price in Suburb

Metrics i HOUSE UNIT
$482,500 $278,500
4.89% 2.20%
12.21% -3.13%
2.29% -1.30%
$410 $330
425 18
4.42% 6.16%
38.1549707602339 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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