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
$799,000
Last sold
20 May 2025
4
Bedrooms
2
Bathrooms
3
Car spaces
655 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
$799,000
20 May 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
+38.0%
Median sale
Suburb $579,000
-1.31 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 658 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 658 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 658 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 658 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 AgencyCraft the home of your dreams with Riverina New Homes, where quality meets affordability. Designed for owner-occupiers and investors alike, 19 Lacebark Drive offers a seamless, hassle-free buying experience - with the added flexibility for investors to opt into a DHA lease arrangement if desired.
Riverina Homes, Simply Built Better.
- Brand New Quality: Choose from customised designs or house and land packages
- Stamp Duty Savings: Eligible first home buyers can pay no stamp duty (subject to eligibility)
- Flexible Finance Options: Attractive bank finance available with a low deposit (TAP)
- Multiple Ownership Options: Ideal for home ownership, rentvesting, or investment
- Quality Inclusions: Enjoy wall-to-wall carpets, tiles, driveway, fencing, and turf
- Family Living Areas: Magnificent kitchens and spacious living areas designed for modern families
- Effortless Move-In: Simply move in and start enjoying your new life in a growing regional city of over 70,000 residents
- Open Home Experience: Stunning open home opportunities in Brunslea Park, Wagga Wagga
- Visit Us: Explore more at RiverinaNewHomes.com.au to book your appointment
Sales Office located at 17 Lacebark Drive, Forest Hill NSW 2651
Rep On Site – Wednesday & Thursday 3pm to 5pm and Saturday 10am to 3pm
About the Home
- Multiple generous living areas including an open-plan family room and media room
- Modern gourmet kitchen featuring 20mm zero silica Caesarstone benchtops, a butler's pantry, a 900mm Artusi fan-forced oven, gas cooktop, integrated fridge, dishwasher, and a subway-tile splashback
- Thoughtful master suite positioned at the front of the home with a spacious ensuite and walk-in robe
- Elegant family bathroom complete with a freestanding bath and a double vanity
- A large alfresco area with a ceiling fan, lighting, and a gas point to elevate your summer barbecues
- Enjoy 2700mm ceilings, window finishes with blinds, double-glazed windows, plus fencing, landscaping, driveway, and paths all included
- A three-car garage with drive-through access provides extra accommodation for vehicles, storage, or a workshop
For investors seeking a secure income stream, 19 Lacebark Drive also offers the option to secure a DHA lease, combining the benefits of a stress-free investment with the flexibility of owning a brand new home.
The benefits of leasing to DHA include:
- reliable rental income
- long-term leases of up 12 years
- rent paid in advance
- property care including most non-structural repairs
- For more 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.
*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.
Listing description written by Mark Macarthur, Macarthur Real Estate Agency — reproduced as published, not verified by Districts.