Suburb Profile

Suburb profile for,

Forest Lake, QLD

Located in the dynamic state of QLD (postcode 4078), FOREST LAKE is a vibrant real estate market. This suburb holds a median house price of $696,250 and has demonstrated an average buying growth of Up 19.0%. Last month, 120 houses were available, with 354 transactions completed in the past year. Properties spend around 27 days on the market, reflecting the area's demand with 3405 interested buyers. The average rental yield stands at 4.1%, with a weekly median rent of $380 per week and an average rent growth of Up 12.4%. Rental properties usually stay on the market for 15 days. The population in 2016 was 22896, which changed by +2.10% in the past five years. The median weekly household income is $1,723, reflecting an income change of +7.15% over the past five years. Residents have a median age of 35 years, and the suburb has an average annual growth for houses of +9.44%. To fully take advantage of FOREST LAKE's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in FOREST LAKE, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Forest Lake, QLD

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
QLD
Suburb
FOREST LAKE
Postcode
4078
Median price for all dwellings
$696,250
Last 12 months growth return
Up 19.0%
Avg. dwellings for sale in the suburb every month
120
Avg. dwellings sold in the suburb in previous 12 months
354
Avg days on market for a dwelling listing to sell
27 days
Avg. number of people searching in this suburb every month
3405
Avg. rental yield per annum
4.10%
Weekly median rent for all dwellings
$380 per week
Median price for all houses
$696,250
Avg. rental yield growth in the previous 12 months
4.10%
Avg. days for a rental listing to find a tennant
15 days
Total suburb population in 2016
22896
Total suburb population change in 5 years up to 2016
2.10%
Avg. household income per week
$1,723
Median age of the population in the suburb
35
Historic avg annual growth return per annum in the suburb
9.44%

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