Forest Hill has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.48% to date .
Comparing Forest Hill,3131 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Forest Hill are currently offering property investors an average price cut of -5.79% below the asking price at the moment.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 2.16%, without taking into account capital value appreciation, which has been averaging out at 10.41%.
Forest Hill, 3131 ranked 78th 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
While Forest Hill,3131 ranked number 135th in VIC for increase in median house value (annualised) increase, it is ranked 24th over the last 5 years.
Our latest figures would indicate that property sellers in Forest Hill are currently offering property investors an average price cut of -7.88% below the asking price at the moment.
Property investors should expect to get $380 weekly from the median priced house in this suburb.