Property Market Snapshot for Forest Lake

Forest Lake is new to conversations about multi-million-dollar property markets, which is why the results recorded in 2025 deserve closer attention. While top-end sales remain the exception rather than the rule, the year delivered a clear signal that the suburb’s upper ceiling has shifted — with a small number of standout transactions redefining what buyers are now prepared to pay for the right home, in the right street.

At the very top of the market, 57 Rudyard Street set a clear benchmark when it sold for $2.27 million in August 2025. It was the only residential sale in Forest Lake to exceed $2 million during the year, sitting well above the suburb’s long-term norms and establishing a new upper ceiling.

Below that standout result, a small but clearly defined upper tier emerged. Five further homes sold between $1.5 million and $1.83 million, including sales at Camberwell Place, Alexandrina Circuit, Boudin Place, Claremont Parade and Peppermint Lane. These transactions were overwhelmingly large family homes with four or more bedrooms, reinforcing the premium buyers continue to place on space, layout and established residential streets within the suburb.

Zooming out, the broader context is just as telling. The top 19 confirmed house sales in Forest Lake during 2025 all exceeded $1.25 million, highlighting how far the suburb’s upper end has lifted compared with previous cycles — even if those higher results remain selective rather than widespread.

Looking ahead, January 2026 has already delivered two confirmed seven-figure house sales, with 5 Bellthorpe Place selling for $1.46 million and 32 Milliken Circuit settling at $1.29 million. While both sit below the exceptional peak reached in 2025, they indicate continued depth at the upper end of Forest Lake’s market as the new year begins.

Forest Lake – Top Residential Sales (2025: Rank 1–10)

Forest Lake – Top Residential Sales (2025: Rank 11–19)

A COMPARISON OF RECENT SALES

As of press time, the 10 most recent sales in Forest Lake show consistent pricing patterns when comparing similar family homes. 32 Milliken Circuit, a four-bedroom home on a generous 861sqm allotment with a renovated kitchen, alfresco area and pool, sold for $1,290,000, demonstrating the premium buyers are prepared to pay for larger land components and updated presentation.

Further evidence is provided by 5 Bellthorpe Place, also offering four bedrooms and positioned on an expansive 1,125sqm block with high-quality outdoor entertaining features, which achieved $1,460,000. This sale reflects strong demand for larger, well-appointed family homes with lifestyle appeal.

Lower in the market, three-bedroom homes provide useful contrast. 27 Central Street, a more modest cottage-style dwelling on a compact 253sqm allotment, sold for $844,000, while the superior three-bedroom home at 1 Blue Lake Court, offering renovation appeal and direct parkland access, achieved $1,175,000. This comparison illustrates the overlap between high-quality three-bedroom homes and entry-level four-bedroom properties, reinforcing that condition, land size and overall appeal significantly influence value beyond bedroom count alone.

32 Milliken Circuit, Forest Lake

4 Bedrooms, 2 Bathrooms, 2 Car Spaces, 861sqm

Sold for $1,290,000

The house features a brand new kitchen, covered alfresco & pool, and zoned ducted air conditioning.

5 Bellthorpe Place, Forest Lake

4 Bedrooms, 2 Bathrooms, 2 Car Spaces, 1,125sqm

Sold for $1,460,000

The house comes with a contemporary stone kitchen, covered patio, inground pool with waterfall, and Bali gazebo with deck.

26 Gippsland Circuit, Forest Lake

4 Bedrooms, 2 Bathrooms, 2 Car Spaces, 448sqm

Sold for $1,050,000

Minutes to Forest Lake Shopping Centre, the house features a flexible four-bedroom layout, with built-ins plus media room.

1 Blue Lake Court, Forest Lake

3 Bedrooms, 2 Bathrooms, 2 Car Spaces, 400sqm

Sold for $1,175,000

The house has direct parkland access and is renovated with a statement kitchen and bar.

27 Central Street, Forest Lake

3 Bedrooms, 1 Bathroom, 1 Car Space, 253sqm

Sold for $844,000

A walk to park and schools, the house features a rear open-plan kitchen/living and a freshly refreshed cottage.

9 Norfolk Street, Forest Lake

4 Bedrooms, 2 Bathrooms, 2 Car Spaces, 704sqm

Sold for $1,215,000

The house comes with 5kW solar system and a large undercover alfresco area with an eight-seat spa.

84 Claremont Parade, Forest Lake

5 Bedrooms, 3 Bathrooms, 2 Car Spaces, 640sqm

Sold for $1,520,000

Featuring a flexible dual-living layout, the house comes with a full indoor kitchen plus a commercial-grade outdoor kitchen. 

28 Prospect Crescent, Forest Lake

3 Bedrooms, 2 Bathrooms, 2 Car Spaces, 448sqm

Sold for $1,000,000

A classic home in a quiet, family-friendly street located in an established neighbourhood.

16 Hampstead Street, Forest Lake

3 Bedrooms, 2 Bathrooms, 1 Car Space, 303sqm

Sold for $941,000

The house comes with a 3.5 kW solar system and a large covered entertaining area.

15 Mannix Place, Forest Lake

4 Bedrooms, 2 Bathrooms, 2 Car Spaces, 613sqm

Sold for $1,180,000

This house features a dedicated home theatre, a sparkling pool, and an oversized powered shed.

Recent Development Applications in Forest Lake

Disclaimer: The list of properties appearing in this article is provided for illustrative purposes only and is listed as Sold as of press time. Since listing status is dynamic and subject to change, readers are encouraged to verify updated status independently.

Published 26-Jan-2026