Urban Planning Triumph: Forest Lake Enters ‘Fast 50’ Ranking for 2024

Did you know that Forest Lake has recently been included in the prestigious Smart Property Investment ‘Fast 50’ ranking of suburbs projected to undergo substantial capital growth in 2024? 

The Smart Property Investment FAST 50 report is an exclusive selection of 50 suburbs nationwide projected to undergo substantial capital growth in the upcoming year. The list is based on extensive research and expert analysis of several key factors including population growth, coupled with Smart Property Investment’s comprehensive suburb data.

Highlighting data sourced from CoreLogic, the report noted that Forest Lake homes have an average property price is $680,000. That price is considerably less than Greater Brisbane’s $781,881, recorded in April 2023. 

Forest Lake has also had a tremendous rise in property values, with a significant 21.4 per cent growth over the past year, despite the market’s difficulties brought on by increases in interest rates.  

The neighbourhood also offers a promising prospect for savvy investors looking to profit from Brisbane’s rising popularity, particularly with the impending 2032 Olympics. Gross rental returns now stand at 3.9 per cent.

Forest Lake is situated about 24.59 kilometres from Brisbane’s busy central business district. The centrepiece of this exceptional suburb is a mesmerising 10.9-hectare artificial recreational lake that is encircled by a 2.7-kilometre stretch of parks and walkways.

The report praised how the suburb has transformed over the past three decades from a fledgling area into a thriving community that is seamlessly integrated with its natural environment. 

Forest Lake has grown from its roots as one of Brisbane’s endeavours to enhance housing availability in the 1990s. As a masterplanned community, it holds the distinction of being the first contemporary community to introduce small lot products, which rapidly gained popularity.

Developed over multiple stages, the suburb now boasts well-designed neighbourhoods with charming names such as Brooklands, Banksia Village, Chain of Ponds, and Jubilee Crossing.  

Forest Lake’s inclusion in the Fast 50 ranking underscores the importance of recognising the long-term potential of emerging suburbs, particularly those meticulously planned from their inception. This success story serves as a testament to the rewards reaped through meticulous urban planning and development.

Published 4-June-2023