Forest Lake is a large suburb in Queensland within the Brisbane local government area (postcode 4078). With a population of 22,676, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $100K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Forest Lake is $770,000, having surged 10.5% over the past year. Units have a median price of $480,000 (+15.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,690.
Forest Lake is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 43 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Forest Lake offers a gross rental yield of 4.3%, rated as moderate yield. Property prices are near the state median ($770K/$1.1M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +10.5% year-on-year.
Forest Lake is a large suburb in Queensland within the Brisbane local government area (postcode 4078). With a population of 22,676, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $100K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Forest Lake is $770,000, having surged 10.5% over the past year. Units have a median price of $480,000 (+15.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,690.
Forest Lake is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 43 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Forest Lake offers a gross rental yield of 4.3%, rated as moderate yield. Property prices are near the state median ($770K/$1.1M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +10.5% year-on-year.