AREA REPORTS

Forest Hill

 

 

VIC/
Forest hill

Suburb Profile

Forest Hill - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3131

house
unit

FOREST HILL, 3131 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $940,000.

Profits due to an upward trend in home prices in the suburb averaged 1.95% per annum over a 3-year period.

FOREST HILL now ranks at the 527th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in FOREST HILL are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $445 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FOREST HILL, homes and units usually stay on listing for an average of 50.7 days.

In 2016, 111 properties were sold in FOREST HILL during the past year, making it the 696th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $940,000 $535,500
GROWTH REPORT
Median Quarterly -4.08% 0%
Median 12 month -11.53% -22.39%
Median 3 years 5.86% 23.67%
Median 5 years 44.62% -4.88%
10 years average annual 7.83% 6.8%
Weekly media advert. rent $445 $410
Time on Market 50.7 days 55.7 days
Gross Rental Yield Percent 2.46% 3.98%
demographics (median values)
Total Population
9316
Weekly Household Income
1012
Household Size
2.40
demographics
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