Suburb Profile Report for Forest Hill VIC (3131)

Forest Hill House: Median price $859,500, Annual capital growth 6.91%, Number of sales 114, Weekly median advertised rent $450

Forest Hill Unit: Median price $643,351, Annual capital growth 4.97%, Number of sales 21, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$859,500 $643,351
0.41% 10.92%
-14.05% 1.64%
6.91% 4.97%
$450 $420
114 21
2.72% 3.39%
58.6615384615385 124.85

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10051
Median household income ($/weekly) 1118
Median age of persons 41
Median housing loan repayment ($/monthly) 1800
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1151 11.5
    25-34 years 1271 12.6
    35-44 years 1485 14.8
    45-54 years 1271 12.6
    55-64 years 1030 10.2
    Others 3843 38.2
    Age Group
    Census Count Percent(%)
    Registered Married 3904 50.7
    Not Married 3402 44.2
    Defacto Relationship 388 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 6107 63.6
    Croatia 615 6.4
    Malta 255 2.7
    United Kingdom 367 3.8
    Other 421 4.4
    Others 1837 19.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 656 7.1
    Christianity 5748 62.1
    Hinduism 189 2.0
    Islam 131 1.4
    No Religion 2406 26.0
    Others 122 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 439 12.3
    $600-$799 325 9.1
    $800-$999 330 9.2
    $1,500-$1,999 444 12.4
    $2,000-$2,499 336 9.4
    Others 1701 47.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3184 40.2
    Employed, worked full-time 2781 35.1
    Employed, worked part-time 1491 18.8
    Employed, away from work 254 3.2
    Unemployed, looking for work 219 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 541 12.0
    Professionals 1273 28.2
    Technicians & trades workers 564 12.5
    Clerical & administrative workers 727 16.1
    Sales 446 9.9
    Others 970 21.5
    Occupation
    Census Count Percent(%)
    Pre-school 173 7.6
    Infants/Primary 773 33.9
    Secondary 570 25.0
    Technical or Further Educational Institution 185 8.1
    University or other Tertiary Institutions 498 21.9
    Others 79 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7798 81.7
    Semi-detached, row or terrace house, townhouse 1431 15.0
    Flat, unit or apartment 299 3.1
    House or flat attached to a shop, office 18 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1620 42.5
    Being purchased 1224 32.1
    Rented 915 24.0
    Other tenure type 52 1.4
    Tenure Type
Census 2011, ABS
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