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Forest Glen, QLD 4556

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 Glen, QLD 4556 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 Glen, QLD 4556”

  1. The total adult population (15 years or older) of Forest Glen 4556 QLD is 1,345, with a median age of 46. Of those, 56.65% are married, 14.57% are divorced or separated, 22.60% are single and 6.17% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,260. The median monthly mortgage repayment for households in this suburb is $2,089 which is 28.77% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Queensland, the suburb of Forest Glen 4556 is a cozy community boasting approximately 1028 households. As we head into the third quarter of 2023, let’s delve into the current property scene in this appealing location.

    Houses in Forest Glen are making their mark with their typical price standing at an impressive $1,061,674. Coupled with a median weekly rent of $723, this puts forward an indicative yield right on the dot at 3.54%. This favourable yield surpasses the minimal market requirement of 3%, proving desirable for cashflow-centered property investors.

    A look into the socio-economic situation of the area reveals an IRSAD score of 1009 out of 1217. This score suggests a comfortable lifestyle for the residents, further magnifying the suburb’s attractiveness.

    The renter to owner ratio nests at a low 15%, indicating a favourable choice of investment for those wanting to avoid challenging competition with other landlords and a potential reduction in the overall return on their property in the long term. Additionally, the units to houses ratio is welcomed at just 5%, presenting less competition among landlords for tenants, maintaining higher rental yields, and contributing to the appeal of the neighbourhood.

    However, the affordability index stands at 57 years. This data point signifies relatively lower affordability for aspiring homeowners, considering a standard 30-year mortgage.

    The stock on market Percentage for houses, placed at a neutral 0.41%, alongside an inventory level of 1.37 months, indicates a balanced market supply. A building approvals Ratio of 4.97% suggests future increased supply of new dwelling stock, perhaps slightly tipping the scales towards an unfavourable condition.

    Characteristics of demand exhibit a somewhat stretched days on market (DOM) figure of 218 days, suggesting softer demand. Despite this, the combined houses and units vacancy rate is moderately appealing at 2.55%, and a buy search index of 5 asserts an average online search activity for properties in the area.

    In the ever-changing property market landscape, Forest Glen presents a noteworthy investment prospect. Navigating the myriad of metrics, it’s evident that the suburb retains some promising features, despite certain metrics falling into the unfavourable ranges. It’s essential to always remember to consider changes in these trends and ensure comprehensive market research, perhaps utilising tools like the RCS metric developed by HtAG Analytics, for an integrative informed investment decision.

    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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