Forest Hill is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3131). With a population of 10,780, the suburb has an established demographic with a median age of 42. Households earn a median income of $86K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, English, Australian.
The median house price in Forest Hill is $1.2 million, having declined 4.1% over the past year. Units have a median price of $807,000 (-2.8% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,123.
Forest Hill is served by 1 school, including 1 primary. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 1 rail station, 51 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Forest Hill offers a gross rental yield of 2.4%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 13.9x is considered stretched. House prices have moved -4.1% year-on-year.
Forest Hill is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3131). With a population of 10,780, the suburb has an established demographic with a median age of 42. Households earn a median income of $86K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, English, Australian.
The median house price in Forest Hill is $1.2 million, having declined 4.1% over the past year. Units have a median price of $807,000 (-2.8% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,123.
Forest Hill is served by 1 school, including 1 primary. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 1 rail station, 51 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Forest Hill offers a gross rental yield of 2.4%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 13.9x is considered stretched. House prices have moved -4.1% year-on-year.