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Forest Lake

Real estate profile

Location

18 km south-southwest of the Brisbane CBD.

Features

Artificial lake area, Forest Lake Village Shopping Centre.

Median Price

REIQ research shows that the median house price in the suburb for 2006 was $290,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $275. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $250.

Profile

Forest Lake is a 1000 hectare residential master planned community which was initially commenced back in 1990 by Delfin Lend Lease. The suburb, in Brisbane’s Southwest district, is approximately 18 km from the Brisbane CBD and contains many excellent facilities. The highlight is the artificial lake area that serves as the centrepiece of the community.

The lake is good for water sports enthusiasts keen to go canoeing, rowing or sailing. The area also boasts numerous parks, playgrounds and hike and bike trails.

The housing options in the suburb are mostly brick and tile homes on blocks ranging in size from 253 square metres up to 900 square metres.

The suburb has been particularly popular with families, due to the extensive range of learning facilities on offer in the community including child-care centres, private and state primary and secondary schools, as well as special education and adult learning.

The extension and upgrading of the Centenary Highway has made commuting to and from the Brisbane CBD much easier for residents. There are also public buses available to various destinations including the City.

The Forest Lake Village Shopping Centre is open 7 days and contains a major supermarket, fashion stores, newsagents, and florists.

According to the 2006 Census there was 21,005 people living in the area with a median age of 32. The median individual income was $602 per week. Of all occupied private dwellings 62.3% were either fully owned or being purchased; 33% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.

More Forest Lake information

History

Learn about the Aboriginal history, urban development, notable residents and landmarks of the area.

Pocket Neighbourhood Guide

Your neighbourhood at a glance. Discover the secrets of the local area... as well as what makes it special.