Forest Lake remains one of the busiest and most closely watched property markets in Brisbane’s south-west corridor, with strong activity continuing across surrounding suburbs including Pallara, Doolandella, Durack and Inala.
Local agent Matthew Groves shares his latest observations on investor sentiment, buyer activity, recent sales and the broader market conditions shaping the area in mid-2026.
QUICK LINKS
So the Federal Budget has definitely created uncertainty across parts of the local property market. I’m speaking with many investors who are considering selling ahead of the proposed 2027 changes to negative gearing and capital gains tax arrangements.
Recent industry reporting also suggests investor participation across South-East Queensland has fallen by more than 20% since the start of 2026 amid uncertainty surrounding the proposed reforms.
At the same time, concerns around first home buyer negative equity are starting to emerge nationally, particularly in some Sydney markets. At this stage though, those pressures do not really appear to extend to Forest Lake, Doolandella, Pallara, Inala, Durack, Ellen Grove and surrounding areas, where conditions still seem comparatively stable.
From my perspective, the local market may come off the very top slightly, but not dramatically, which could create a solid buying opportunity before the next growth phase. There are still pre-qualified buyers active in the market despite broader economic headwinds.
I take 19 Centaurus Street, Inala to auction on June 20 if not sold prior. It’s a three-bedroom home on 633 square metres and, subject to approvals, has potential for a future granny flat thanks to the side access.
A lot of people don’t realise the now-closed Inala State School was actually located in neighbouring Durack. The school opened in 1962 and closed in 1995 when it merged with Glenala State High School, which remains in Durack today.
Another recent result we were pleased with was the sale of 21 Durundur Court, Durack, which settled at $1.45 million after selling under the hammer. We’re now also marketing 91 Hampton Street, Durack following its first open home last weekend — a three-bedroom, one-bathroom home on 622 square metres returning $600 per week in rent, with tenants in place until July.
And another piece of local history many newer residents may not know: Durack was officially named in 1976 after a community competition, with locals voting to honour Michael “Stumpy” Durack. The Durack family once owned the Archerfield Station, which covered around 56.7 square kilometres, with the original homestead located in what is now Homestead Park at Forest Lake.
Market Insights
Forest Lake is by far the busiest market in the area, so we have summarised the last 3 months of publicly available data below. For Pallara, Doolandella, Durack, and Inala we have summarised the last 6 months.
SW Brisbane Market Insights
Residential house sales analysis · Data to 31 May 2026 · Houses only
| # | Address | Price | Beds | Land m² |
|---|---|---|---|---|
| 1 | 6 Alexandrina Cct | $1,750,000 | 6 bed | 766m² |
| 2 | 10 Chatswood Cl | $1,635,000 | 4 bed | 952m² |
| 3 | 10 Dandenong St | $1,450,000 | 6 bed | 720m² |
| 4 | 12 Cassatt Pl | $1,420,000 | 4 bed | 1005m² |
| 5 | 5 Fitzroy Pl | $1,420,000 | 5 bed | 704m² |
| # | Address | Price | Beds | Land m² |
|---|---|---|---|---|
| 1 | 21 Durundur Crt | $1,450,000 | 4 bed | 1680m² |
| 2 | 5 Boulia Ct | $1,310,000 | 4 bed | 1093m² |
| 3 | 16 Emerson Cl | $1,260,000 | 4 bed | 483m² |
| 4 | 9 Kurrajong St | $1,130,000 | 3 bed | 628m² |
| 5 | 13 Chanel Pl | $1,100,000 | 4 bed | 450m² |
| # | Address | Price | Beds | Land m² |
|---|---|---|---|---|
| 1 | 148 Botanical Circuit | $1,672,000 | 4 bed | 400m² |
| 2 | 46 Landel St | $1,636,000 | 2 bed | 1.64ha |
| 3 | 101 Ponting Circuit | $1,610,000 | 5 bed | 360m² |
| 4 | 4 Tambor Cres | $1,530,000 | 6 bed | 416m² |
| 5 | 29 Miami Pl | $1,499,000 | 5 bed | 402m² |
| # | Address | Price | Beds | Land m² |
|---|---|---|---|---|
| 1 | 1 Hanley St | $1,300,000 | 5 bed | 600m² |
| 1 | 17 Rockfield Rd | $1,300,000 | 4 bed | 404m² |
| 3 | 23/53 Crossacres St | $1,225,000 | 4 bed | 400m² |
| 4 | 58 Fred Pham Cres | $1,235,000 | 4 bed | 500m² |
| 5 | 17 Muhammad St | $1,215,000 | 4 bed | 529m² |
| # | Address | Price | Beds | Land m² |
|---|---|---|---|---|
| 1 | 10 Cygnus St | $1,250,000 | 5 bed | 675m² |
| 1 | 107 Biota St | $1,250,000 | 6 bed | 630m² |
| 3 | 7 Japonica St | $1,235,000 | 5 bed | 647m² |
| 4 | 15 Grebe St | $1,200,000 | 5 bed | 645m² |
| 5 | 56 Azalea St | $1,128,000 | 3 bed | 706m² |
What’s Your Property Worth?
Forest Lake
Doolandella
Pallara
Durack
Some Development Applications
Recent development activity in Forest Lake and the surrounding suburbs is adding another layer to how the market is evolving. The map below highlights some key proposals and applications in the area.
Click on the pins for more details.
Published 4-June-2026
