Forest Hill at a glance
3,227
People
$579,000
Median sale
$530/wk
Median rent
4.76%
Suburb gross yield
Median sale from 52 recorded sales (last 12 months) — a Districts calculation.
NSW › Forest Hill › Lacebark Dr
$810,000
Last sold
31 July 2025
4
Bedrooms
2
Bathrooms
3
Car spaces
660 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
No verification items generated for this record.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$810,000
31 July 2025 · derived via latest_sale
Local land rate: recorded House sales in Forest Hill (last 5 years) with land size have a median of $824/m² of land (n=102). Districts calculation from recorded sales — not a valuation.
Forest Hill at a glance
3,227
People
$579,000
Median sale
$530/wk
Median rent
4.76%
Suburb gross yield
Median sale from 52 recorded sales (last 12 months) — a Districts calculation.
Vs Forest Hill
+39.9%
Median sale
Suburb $579,000
-1.36 pp
Gross yield
Suburb 4.76%
Suburb median $579,000 from 52 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Wagga Wagga Local Environmental Plan 2010
Zone
General Residential
R1
Jurisdiction
Wagga Wagga
Wagga Wagga, NSW
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer was queried and no heritage listed area was detected on this parcel (NSW ePlanning Spatial Viewer, retrieved 1 Sept 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWZoned General Residential · R1 (Wagga Wagga Local Environmental Plan 2010). Official parcel area about 662 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. If the dual occupancy pathway survives a planner’s check, this lot can outperform a same-suburb house that is hold-as-is only. That is not a forecast. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $530/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
This looks more compelling as a land / capital-growth play than a pure yield play — if the dual occupancy pathway survives a planner’s check.
Detail
Zoned General Residential · R1 (Wagga Wagga Local Environmental Plan 2010). Official parcel area about 662 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Achieved rent for this address has not been inferred. Gross yield on advertising copy is not the deal.
Nearby DA pipeline is unknown, so neighbourhood change is not in this verdict.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned General Residential · R1 (Wagga Wagga Local Environmental Plan 2010). Official parcel area about 662 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 662 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Forest Hill at a glance
3,227
People
$579,000
Median sale
$530/wk
Median rent
4.76%
Suburb gross yield
Median sale from 52 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Macarthur Real Estate AgencyAddress: 15 Lacebark Drive, Forest Hill NSW 2651
Estate: Located in Brunslea Park – enjoy all the comforts of city living in a relaxed community environment moments from the main CBD of Wagga Wagga
Weekly Rent Offered: $640 per week (final rent to be determined by an independent valuation obtained by DHA)
Expected Completion: On or before 31/07/2025 (with a maximum extension to 31/10/2025)
About the Home
- Multiple spacious living areas, including an open-plan family room and rumpus
- Modern kitchen with 20mm zero silica Caesarstone benchtops, a 900mm Artusi oven and gas cooktop, integrated fridge and dishwasher, plus a subway-tile splashback
- Butler's pantry for additional storage and convenience
- Master bedroom with ensuite and walk-in robe
- Three-way family bathroom with freestanding bath and double vanity
- Large alfresco area with ceiling fan and gas point for outdoor entertaining
- Quality finishes including 2700mm ceiling height, double-glazed windows, window blinds, and more
- Fencing, landscaping, driveway, and paths included for a complete move-in experience
- Three-car garage with drive-through access to the rear yard, ideal for extra storage or workshop space
Situated just minutes from Wagga Wagga, Brunslea Park is a friendly, relaxed community environment with easy access to shops, schools, and transport.
Detailed floorplans, renderings, and additional property details available upon request. Please enquire for full information on lot size and dimensions.
A comprehensive list of inclusions (fencing, landscaping, driveway, appliances, floor coverings, window coverings, and more) available upon enquiry.
Detailed specifications of fixtures and finish standards for both interior and exterior provided in the property info/inclusions pack upon request.
Investing with Defence Housing Australia
If you're looking for a stress-free investment option, lease this property to DHA!
DHA has assessed this property's location, plans, and inclusions, and has committed to a long-term lease on completion of construction, provided it is delivered to the agreed specifications.
The Benefits of Leasing to DHA Include:
- Reliable rental income
- Long-term leases of up to 12 years
- Rent paid in advance
- Property care, including most non-structural repairs
- For more information, visit www.dha.gov.au/investing/#investingbenefits
DHA is not the vendor of the property and therefore makes no representation in relation to the land, the builder, the construction of the property or any other matter unrelated to the DHA Lease Agreement or Property Care Contract. Investment in a DHA property is subject to the terms of the DHA Lease or other contractual documentation and those terms take precedence over any information contained in this advertising material.
Investors should always seek appropriate independent advice before making any investment decisions with DHA.
*All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries. Facade image may depict features not included such as external finishes, tiling, lighting, roof coverings and landscaping. Plans are subject to approval by Local Council Authorities.
Disclaimer:
In preparing this advertisement, we have used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility or liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should rely on their own enquiries to verify the information contained in this advertisement.
Listing description written by Mark Macarthur, Macarthur Real Estate Agency — reproduced as published, not verified by Districts.
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