Forest Hill is a smaller suburb in New South Wales within the Wagga Wagga local government area (postcode 2651). With a population of 3,081, the suburb has a young demographic with a median age of 25. Households earn a median income of $93K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Forest Hill is $530,000, having risen modestly 1% over the past year. Units have a median price of $415,000 (+11.6% YoY). The current median weekly rent is $465. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,300.
Forest Hill is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 21 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Forest Hill offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($530K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +1.0% year-on-year.
Forest Hill is a smaller suburb in New South Wales within the Wagga Wagga local government area (postcode 2651). With a population of 3,081, the suburb has a young demographic with a median age of 25. Households earn a median income of $93K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Forest Hill is $530,000, having risen modestly 1% over the past year. Units have a median price of $415,000 (+11.6% YoY). The current median weekly rent is $465. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,300.
Forest Hill is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 21 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Forest Hill offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($530K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +1.0% year-on-year.