Suburb Profile Report for Forest Hill VIC (3131)

Forest Hill House: Median price $1,010,000, Annual capital growth 10.13%, Number of sales 135, Weekly median advertised rent $430

Forest Hill Unit: Median price $670,500, Annual capital growth 8.14%, Number of sales 50, Weekly median advertised rent $388

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

Source: CoreLogic

  • House Report
  • Unit Report

Forest Hill, 3131 ranked 294th in VIC when comparing growth in median property values or capital gain over the last 12 months. Forest Hill is one of 2098 in our list for VIC

Comparing Forest Hill,3131 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -6.73% to buyers in Forest Hill at the moment, which is less than average for the rest of VIC.

The VIC suburb of Forest Hill, 3131 is in the Whitehorse local government area.

Forest Hill is in the TOP 10% in VIC when comparing median price capital growth over the last year. Forest Hill gave property investors a very good capital gain figure when compared to the rest of the state, with 19.49%.

When looking at the potential capital gains offered to property investors over the last 3 years, Forest Hill comes in at number 205th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Forest Hill itself are offering an average vendor discount of -6.56% to real estate investors.

In the last year 50 properties changed hands in Forest Hill, which puts it as the 177th most active market in VIC when comparing the number of sales per suburb.

Forest Hill is 329th on a list of best yielding suburbs for rents in VIC with a 3.01% return

Metrics i HOUSE UNIT
$1,010,000 $670,500
0.45% 6.43%
13.61% 19.49%
10.13% 8.14%
$430 $388
135 50
2.21% 3.01%
63.43 77.2

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 10051
Median household income ($/weekly) 1118
Median age of persons 41
Median housing loan repayment ($/monthly) 1800
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1151 11.5
    25-34 years 1271 12.6
    35-44 years 1485 14.8
    45-54 years 1271 12.6
    55-64 years 1030 10.2
    Others 3843 38.2
    Age Group
    Census Count Percent(%)
    Registered Married 3904 50.7
    Not Married 3402 44.2
    Defacto Relationship 388 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 6107 63.6
    Croatia 615 6.4
    Malta 255 2.7
    United Kingdom 367 3.8
    Other 421 4.4
    Others 1837 19.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 656 7.1
    Christianity 5748 62.1
    Hinduism 189 2.0
    Islam 131 1.4
    No Religion 2406 26.0
    Others 122 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 439 12.3
    $600-$799 325 9.1
    $800-$999 330 9.2
    $1,500-$1,999 444 12.4
    $2,000-$2,499 336 9.4
    Others 1701 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3184 40.2
    Employed, worked full-time 2781 35.1
    Employed, worked part-time 1491 18.8
    Employed, away from work 254 3.2
    Unemployed, looking for work 219 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 541 12.0
    Professionals 1273 28.2
    Technicians & trades workers 564 12.5
    Clerical & administrative workers 727 16.1
    Sales 446 9.9
    Others 970 21.5
    Occupation
    Census Count Percent(%)
    Pre-school 173 7.6
    Infants/Primary 773 33.9
    Secondary 570 25.0
    Technical or Further Educational Institution 185 8.1
    University or other Tertiary Institutions 498 21.9
    Others 79 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7798 81.7
    Semi-detached, row or terrace house, townhouse 1431 15.0
    Flat, unit or apartment 299 3.1
    House or flat attached to a shop, office 18 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1620 42.5
    Being purchased 1224 32.1
    Rented 915 24.0
    Other tenure type 52 1.4
    Tenure Type
Census 2011, ABS
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