Increasing Popularity of Forest Lake Reflected in Top Ranking for Houses Sold in Brisbane LGA

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Forest Lake was one of the most popular suburbs for house sales during the 12 months to October 2018, the latest report said.

Domain Group has revealed the top 10 suburbs in terms of sales volume for houses and units, which Brisbane City took the top spot overall, selling 508 units and 27 houses. Forest Lake, however, was the top suburb for houses sold in the Brisbane LGA with an impressive 394 houses changing hands over the past 12 months.

As of May 2018, homesales.com.au reports the median price for houses in Forest Lake at $441,430 whilst the median unit price is $288,778. House prices grew by 3.94 percent in the past three years and 0.39% last year. Unit prices, however, fell by 1.69 percent in the past 3 years. Forest Lake has a total population of 22,426, and the average income is at $849.

There is a renewed interest on blue-chip Coorparoo as well, as it sold 180 houses and 213 units for the same period. These numbers are indicative of a surge in demand that the suburb has not enjoyed in the last couple of years.

Other suburbs with outstanding house sales volume include North Lakes with 450, Caboolture with 400, Morayfield with 394, and Kallangur with 369 houses sold. As for units sold, South Brisbane came in second with 428 unit sales volume.

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Top Sales Volumes for Greater Brisbane in the 12 months to October 2018, according to Domain Group

Suburb

House Unit

Grand Total

Brisbane City

27 508 535
North Lakes 450 35

485

Morayfield

394 72

466

Kallangur 369 83

452

Caboolture 400 47

447

South Brisbane 14 428

442

Cleveland 324 91

415

Forest Lake 394 18

412

Coorparoo 180 213

393

Deception Bay 308 77

385