Suburb Profile

Suburb profile for,

Forest Hill, VIC 3131

About Forest Hill

Forest Hill (3131) is a suburb in Victoria that continues to attract attention from both homeowners and investors.

Demographics and Community

Forest Hill has a population of approximately 10,628, a median age of 41, a median weekly household income of $1,360.

Property Market Overview

The current median house price in Forest Hill is $1,117,500. Average annual growth is -5.3%.

Properties in Forest Hill spend an average of 34 days on market.

Rental Market

The median weekly rent for houses in Forest Hill is $412. Gross rental yield is 2.40%.

Nearby Suburbs

Explore other suburb profiles in the area: Nunawading, VIC, Blackburn South, VIC, Blackburn, VIC, Vermont South, VIC, Vermont, VIC.

Considering Forest Hill for Investment?

Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Forest Hill or need help identifying the right suburb for your strategy, get in touch with our team.

SUBURB DATA

Quantitative data for,

Forest Hill, VIC 3131

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.

State
VIC
Suburb
FOREST HILL
Postcode
3131
Median price for all dwellings
$1,117,500
Last 12 months growth return
Down -5.3%
Avg. dwellings for sale in the suburb every month
14
Avg. dwellings sold in the suburb in previous 12 months
120
Avg days on market for a dwelling listing to sell
34 days
Avg. number of people searching in this suburb every month
2084
Avg. rental yield per annum
2.40%
Weekly median rent for all dwellings
$412 per week
Median price for all houses
$1,117,500
Avg. rental yield growth in the previous 12 months
2.40%
Avg. days for a rental listing to find a tennant
27 days
Total suburb population in 2016
10628
Total suburb population change in 5 years up to 2016
5.70%
Avg. household income per week
$1,360
Median age of the population in the suburb
41
Historic avg annual growth return per annum in the suburb
1.90%