Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 0.76% growth over a ten-year period. It ranks 3623rd on our list of suburbs that property investors should look into.
FOREST LAKE, 4078 has a capital gain of -1.36% for the past year, which is lower than average compared to its 5.97% growth within a five-year period.
With the median home price in FOREST LAKE sitting at $435,000, and the average rent at $395, property owners could potentially earn a 4.72% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in FOREST LAKE are high, as opposed to average gains per annum over the past five years.
FOREST LAKE, 4078 in QLD belongs to the local government area of Brisbane (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $435,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.35% | N/A |
| Median 12 month | -1.36% | N/A |
| Median 3 years | 0.99% | N/A |
| Median 5 years | 5.97% | N/A |
| 10 years average annual | 0.76% | N/A |
| Weekly media advert. rent | $395 | N/A |
| Time on Market | 50.1 days | N/A |
| Gross Rental Yield Percent | 4.72% | N/A |
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