Forest Glen suburb profile
Forest Glen is a picturesque suburb nestled in the Sunshine Coast hinterland, offering a serene lifestyle surrounded by lush greenery. Known for its tranquil atmosphere, it provides a perfect escape from the hustle and bustle of city life while still being conveniently located near major amenities. The suburb is home to the popular Kunara Organic Marketplace, attracting health-conscious locals and visitors alike. With its close proximity to the Bruce Highway, Forest Glen offers easy access to both the coast and Brisbane, making it an ideal location for those seeking a peaceful yet connected lifestyle.
Forest Glen property market performance
Forest Glen's property market has experienced notable growth over the past 12 months, with house values increasing by 13% and unit values rising by 4.1%. The median house price has reached approximately $898,000, while units have averaged $475,000, indicating a strong demand for housing in the area.
Sales activity has been relatively low, with 7 houses and 3 units sold in the past 12 months. Houses are selling faster than units, with a median of 50 days on the market compared to 66 days for units, suggesting a more competitive market for houses.
The rental market in Forest Glen has seen significant changes, particularly for units, with a 31.7% increase in average rent over the last 12 months. House rents have also risen by 6.7%, reflecting a robust demand for rental properties in the suburb.
Median price - houses$898KPast 3 months
Median price - units$475KPast 3 months
Change in value - houses13.0%12 months
Change in value - units4.1%12 months
Houses sold7Past 3 months
Units sold3Past 3 months
Median DOM - houses50Past 12 months
Median DOM - units66Past 12 months
Average rent - houses$800Past 12 months
Average rent - units$320Past 12 months
Change in rent - houses6.7%Past 12 months
Change in rent - units31.7%Past 12 months
Forest Glen demographics
Forest Glen, nestled in the Sunshine Coast hinterland of Queensland, offers a serene and picturesque lifestyle that appeals to families and retirees alike. With a population of 1,657, this suburb is characterized by its tranquil environment and close-knit community. The median age of 46 suggests a mature population, with many residents enjoying the peaceful surroundings and slower pace of life that Forest Glen provides.
The suburb's housing landscape is predominantly owner-occupied, with over 50% of properties owned outright and 33.5% owned with a mortgage. This high rate of home ownership reflects the stability and long-term commitment of its residents to the area. Rental properties are less common, comprising only 15.6% of the housing market, which may appeal to those seeking a more permanent residence in a community-oriented environment.
Family dynamics in Forest Glen are diverse, with couple families without children making up 50.7% of the population, while couple families with children account for 39.1%. The presence of one-parent families is relatively low at 10.1%, indicating a predominance of traditional family structures. The suburb's median total household income of $1,387 per week aligns with its family-friendly appeal, offering a comfortable lifestyle amidst the natural beauty of the Sunshine Coast hinterland.
Forest Glen infrastructure, key developments and investment opportunities
Forest Glen is experiencing significant developments that could impact its property market. A recent 89-lot residential subdivision project, completed over four stages, has introduced new housing options to the area. This development, which sold out quickly in its first stage, demonstrates strong demand for property in Forest Glen and could influence local real estate values.
The suburb is home to two notable educational institutions: Montessori International College and Sunshine Coast Grammar School. These schools, along with Forest Glen's proximity to Buderim Forest Park and its beautiful rainforest, enhance the area's appeal to families. Additionally, the rural residential character of Forest Glen, combined with its location just 10 kilometers west of Maroochydore, positions it as an attractive option for those seeking a balance between natural surroundings and urban amenities.
Forest Glen rental market trends
The rental market in Forest Glen has experienced notable changes, with house rents increasing by 6.7% over the past year to $800 per week. Unit rents have seen a significant rise of 31.7%, reaching $320 per week. This growth reflects strong demand and highlights Forest Glen as an attractive option for renters and investors seeking opportunities in a rapidly evolving suburb.
Suburbs near Forest Glen
Some popular suburbs near Forest Glen include: