At number 1427th in the list of Australian suburbs ordered by increase in median house value over the last year, Forest Hill, 3131 is in the top 40% with a property value increase of 8.75% recorded in median house prices.
Across a shorter period, Forest Hill, 3131 has seen a median price increase of -1.44% over the last quarter.
Property investors looking for a bargain in Forest Hill should be aiming for at least -3.99% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 18.52km from the CBD, Forest Hill is one of Whitehorse localities in the postcode 3131.
Investment property in Forest Hill has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.50%
The five-year average increase in median property values for Forest Hill,3131 has given property investors a potential capital gain of 44.12% across each of those five years.
The most recent median price for Forest Hill is $650000, with sellers offering an average of -1.30% off the asking price.
In the last year 48 properties changed hands in Forest Hill, which puts it as the 188th most active market in VIC when comparing the number of sales per suburb.
Forest Hill, 3131’s gross rental yield is 2.96%