Suburb Profile Report for Forest Hill NSW (2651)

Forest Hill House: Median price $263,500, Annual capital growth 3.62%, Number of sales 51, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Forest Hill, 2651 ranked 1225th in NSW when comparing growth in median property values or capital gain over the last 12 months. Forest Hill is one of 3163 in our list for NSW

Taking the average capital gain, or increase in median house value, Forest Hill,2651 has racked up an average of -0.57% over the period. This ranks it number 3160th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Forest Hill 2651 should be seeing an average reduction in asking price of around -5.41% . This means that Forest Hill is holding prices well when compared to other suburbs in NSW.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.92%, without taking into account capital value appreciation, which has been averaging out at 3.62%.

Metrics i HOUSE UNIT
$263,500 N/A
-0.19% N/A
-0.57% N/A
3.62% N/A
$300 N/A
51 N/A
5.92% N/A
106.58 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 2216
Median household income ($/weekly) 1205
Median age of persons 24
Median housing loan repayment ($/monthly) 1300
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 302 13.6
    15-19 years 288 13.0
    20-24 years 347 15.7
    25-34 years 364 16.4
    35-44 years 271 12.2
    Others 645 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 581 48.6
    Not Married 446 37.3
    Defacto Relationship 169 14.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1964 92.0
    Papua New Guinea 21 1.0
    Philippines 23 1.1
    United Kingdom 44 2.1
    Other 38 1.8
    Others 44 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 0.7
    Christianity 1553 74.6
    Hinduism 8 0.4
    Other Religious Groups 6 0.3
    No Religion 496 23.8
    Others 4 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 57 10.1
    $600-$799 58 10.3
    $1,000-$1,249 77 13.7
    $1,250-$1,499 81 14.4
    $1,500-$1,999 98 17.4
    Others 192 34.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 971 57.2
    Not in the labour force 367 21.6
    Employed, worked part-time 257 15.1
    Employed, away from work 63 3.7
    Unemployed, looking for work 41 2.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 118 9.2
    Technicians & trades workers 492 38.2
    Community & personal service workers 156 12.1
    Clerical & administrative workers 128 9.9
    Labourers 126 9.8
    Others 269 20.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 197 25.2
    Secondary 129 16.5
    Technical or Further Educational Institution 280 35.8
    University or other Tertiary Institutions 53 6.8
    Other type of educational institution 76 9.7
    Others 48 6.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1541 91.7
    Flat, unit or apartment 96 5.7
    Caravan, cabin, houseboat 29 1.7
    Semi-detached, row or terrace house, townhouse 14 0.8
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 267 44.9
    Rented 221 37.1
    Fully owned 104 17.5
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals