Forest Hill is in the bottom 10% in VIC when comparing median price capital growth over the last year. Forest Hill gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.05%.
Taking the average capital gain, or increase in median house value, Forest Hill,3131 has racked up an average of -14.05% over the period. This ranks it number 3169th in the whole country for real estate investors looking at median house price increases.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Forest Hill itself are offering an average vendor discount of -7.42% to real estate investors.
The VIC suburb of Forest Hill, 3131 is in the Whitehorse (C) local government area.
At number 502th in the list of Australian suburbs ordered by increase in median house value over the last year, Forest Hill, 3131 is in the top 40% with a property value increase of 1.64% recorded in median house prices.
A 11.21% growth in median value for property investors in Forest Hill,3131 puts this suburb at number 23th in terms of best performing suburbs in VIC
At number 1245 in a list of fastest selling suburbs, Forest Hill is in the bottom 10% of suburbs in Australia with an average of days on market 124.85 for properties listed there.
Advertised rents are around the $420 mark per week – giving a return of 3.39% based on the median price in Suburb