Forest Lake

POSTAL CODE: QLD, 4078
HOUSE
UNIT

Property investors enjoyed capital gains of 12.53% over the last 12 months in FOREST LAKE, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 8.76% growth over a ten-year period. It ranks 686th on our list of suburbs that property investors should look into.

FOREST LAKE, 4078 has a capital gain of 12.53% for the past year, which is lower than average compared to its 109.89% growth within a five-year period.

With the median home price in FOREST LAKE sitting at $934,000, and the average rent at $650, property owners could potentially earn a 3.62% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in FOREST LAKE are low, 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.

Surburb overview

Forest Lake, located approximately 23.7 kilometres southwest of Brisbane's central business district, is a master-planned residential suburb renowned for its family-friendly environment and abundant green spaces. 

According to the 2021 census, Forest Lake has 22,676 residents, with a median age of 35. A diverse community characterises the suburb. 61% of residents were born in Australia, followed by New Zealand (7.9%), England (4.7%), and Vietnam (3.1%). English is the predominant language spoken at home by 73.6% of the population, with Vietnamese (5%) and Samoan (1.6%) also commonly spoken. 

Forest Lake has several bus routes connecting Brisbane CBD and surrounding areas. The suburb's proximity to major roads, including the Centenary Highway, enhances accessibility for both public and private transport users.

The suburb offers a range of essential establishments, including the Forest Lake Shopping Centre, which offers various retail and dining options. Educational facilities in the area include Forest Lake State School, Grand Avenue State School, and Forest Lake State High School, which cater to the community's academic needs.

Forest Lake's key feature is its manufactured recreational lake, completed in 1994. The lake encompasses 10.9 hectares and has a perimeter of 2.7 kilometres. It is surrounded by 3.5 kilometres of pedestrian and cycleways and 8 hectares of adjacent parkland, providing ample outdoor activities such as walking, cycling, and picnicking. 

According to recent reports, the median property price for houses in Forest Lake is approximately $825,000, with an annual capital growth of 15.22%. The suburb's house prices have grown 5.10% over the past quarter and 15.22% over the past 12 months. Rental yields for houses are currently around 3.90%, with a median rent of $610 per week. 

Forest Lake's well-planned residential areas, educational facilities, and recreational amenities make it a desirable suburb within Brisbane.

You’re out of free articles for this month
Loading form...