Suburb Profile Report for Forest Hill VIC (3131)

Forest Hill House: Median price $902,000, Annual capital growth 10.30%, Number of sales 106, Weekly median advertised rent $400

Forest Hill Unit: Median price $615,000, Annual capital growth 7.51%, Number of sales 46, Weekly median advertised rent $378

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

Source: CoreLogic

  • House Report
  • Unit Report

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 2.50%

The five-year average increase in median property values for Forest Hill,3131 has given property investors a potential capital gain of 59.65% across each of those five years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Forest Hill itself are offering an average vendor discount of -7.33% to real estate investors.

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

Property value increases in Forest Hill have tracked close to the VIC average of 3.19% over the last 12 months.

Across a shorter period, Forest Hill, 3131 has seen a median price increase of 3.36% over the last quarter.

The most recent median price for Forest Hill is $615000, with sellers offering an average of -3.19% off the asking price.

Property investors should expect to get $377.5 weekly from the median priced house in this suburb.

HOUSE UNIT
$902,000 $615,000
1.58% 3.36%
2.50% 2.50%
10.30% 7.51%
$400 $378
106 46
2.31% 3.19%
88.21 97

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Forest Hill VIC
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
Chart Table
Recent sales & rentals