Over the last year, property investments in Forest Hill, 3131 have given investors a capital gain of 6.88%. This compares favourably with the 4.41% for VIC as a whole.
Over the longer term, Forest Hill has seen property prices show investors a -4.57% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Forest Hill is offering property investors an average of -6.34. This rate of discount on properties puts Suburb at number 379th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 8.08 sales per month, which equates to 97 per year.
Renters in Suburb are facing rents around $23920 per annum or $460 every week.
Forest Hill, 3131 ranked 6th in VIC when comparing growth in median property values or capital gain over the last 12 months. Forest Hill is one of 2099 in our list for VIC
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.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.96%, investors should hope to achieve an overall return of 3.00%