With a capital gain of 13.09% for the last 12 months, Forest Hill, 3131 has performed for property investments than its average annual 10.52% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Forest Hill has increased when compared to the 5 year average annual rate.
Property buyers and investors in Forest Hill 3131 should be seeing an average reduction in asking price of around -5.79% . This means that Forest Hill is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Forest Hill have been waiting around 78.9 days to sell a property.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
Investment property in Forest Hill has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.05%
If we look at median property appreciation over just the last three months, Forest Hill has given property investors a paper return of 0.00%. This puts Suburb as 232 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Forest Hill is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 73th in terms of most discounted suburbs in VIC
At number 1053 in a list of fastest selling suburbs, Forest Hill is in the bottom 30% of suburbs in Australia with an average of days on market 94.54 for properties listed there.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.74%, investors should hope to achieve an overall return of 3.10%