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Forest Lake, QLD 4078

Home » QLD Real Estate Data » Southern Brisbane, QLD » Forest Lake, QLD 4078

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Forest Lake, QLD 4078 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Forest Lake, QLD 4078”

  1. The total adult population (15 years or older) of Forest Lake 4078 QLD is 18,090, with a median age of 37. Of those, 49.55% are married, 12.23% are divorced or separated, 33.93% are single and 4.31% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,560. The median monthly mortgage repayment for households in this suburb is $1,690 which is 19.74% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in the sunny state of Queensland, Suburb of Forest Lake 4078 is home to an approximate 8660 households. The Q3 2023 property market statistics for houses in this suburb highlight interesting dynamics for potential investors and homebuyers to consider.

    The average house price in Forest Lake 4078 stands at $784,873, with these properties commanding a median weekly rent of $498. This pricing scenario culminates into an indicative yield of 3.3%, marginally meeting the attractive market requirement for cashflow-focused property investors.

    The socio-economic fabric of Forest Lake 4078 is represented by an IRSAD score of 997 out of 1217, suggesting a considerably favourable socio-economic environment. Furthermore, the renter to owner ratio sits at 26%, indicating a good balance between homeowners and rentals. This is a positive sign for potential investors, as markets oversaturated with rental properties can pose long-term return risks.

    Looking at the housing composition in Forest Lake 4078, the units to houses ratio is a mere 1%, signalling minimal competition among landlords for tenants due to a predominantly house-centric market. This is generally considered a favourable condition as it can help maintain higher rental yields.

    However, the affordability index raises concerns, as the estimated duration to fully own a property in this suburb is 36 years, exceeding the standard 30-year mortgage assumption. This suggests decreased affordability for prospective homebuyers.

    On the supply side, Forest Lake 4078 presents extremely favourable conditions with a low stock on market percentage of 0.25% and an inventory level of 0.77 months. Such indicators suggest a low supply market. Although the building approvals ratio is slightly above the preferred threshold at 2.15%, implying a potential increase in new dwelling stock, it could be balanced by the low existing stock and inventory levels.

    In terms of demand metrics, houses in Forest Lake 4078 typically remain listed for 42 days, indicating healthy demand levels. Coupled with a very low vacancy rate of 0.58%, there’s sign of high demand against low supply. However, the buy search index for houses is relatively low at 2, which may suggest limited online demand.

    In conclusion, while Forest Lake 4078 demonstrates a few questionable metrics such as a high affordability index and lower buy search index for houses, the majority of crucial metrics signal favourable conditions. Investors should utilise tools like the RCS (Relative Composite Score) by HtAG Analytics to synthesise over 80 metrics and automate the research process. Nevertheless, Forest Lake 4078 notably sets itself as a potential opportunity for property investors eyeing cash flow optimised opportunities.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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