Forest Lake and Surrounds: A Market Moving on Two Fronts

So 123 Bagnall Street, Ellen Grove sold at auction for $1.39 million. The bidding opened at $900,000, with around 29 bids and two parties competing right through to the end before the hammer fell. The vendor was absolutely delighted with the outcome of the deceased estate sale.

When the campaign began, the most comparable recent sale was 447 Waterford Road, which achieved $980,000 in December. Reaching $1.39 million at 123 Bagnall Street should give confidence to many other property owners across the area.

This result is also unfolding alongside changes in the surrounding corridor. A proposed new housing estate in Pallara, covering around 5.6 hectares across Kraft Road, Laxton Road and Trivior Street, is set to deliver 82 new homes and reshape part of the area’s traditional large-lot character. The development reflects a broader shift toward more suburban-style living, while still maintaining connections to the established Forest Lake and Inala precincts.

That mix of new supply and strong buyer demand is part of what is driving the current market dynamic across Forest Lake, Ellen Grove, Doolandella and Pallara — where entry prices are lifting, competition is intensifying, and standout properties are pushing into higher price brackets.

I take 21 Durundur Court in Durack to auction on Saturday March 28 at 12pm. This is a magnificent property on 1,680 square metres that has been held by the owners for 42 years.

Over that time, the owners have cultivated an extensive range of fruit and nut trees including mangoes, bananas, paw paws, macadamias, avocados, pineapples, kaffir limes, lychees, Brazilian cherries, loquats, achacha, longan, lemons, arrowroot, pomegranates and olives.

The home itself is substantial, with extensive outdoor entertaining areas, a renovated kitchen and multiple storage spaces and workshops.

Homes offering this level of versatility, outdoor space and long-term care are becoming increasingly rare. Properties like this continue to attract strong interest from buyers looking for space, lifestyle and flexibility within reach of major amenities.

I have sold several properties in Durack over the years, and five years ago I made a prediction that this pocket would be discovered. With a population of around 8,000 people, strong local amenities and access to Inala, Oxley and Forest Lake shopping, as well as schools and rail connections at Salisbury and Richlands, that shift is now clearly taking place.