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.