Forest Hill, VIC 3131
Compare Part of Whitehorse
18.02 km
Distance from Melbourne CBD
21 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $526,200 | 0.0% | $120,000 | $1,130,000 | 120 |
| 2010 | $625,000 | +15.8% | $63,680 | $1,950,000 | 144 |
| 2011 | $550,000 | -13.6% | $321,500 | $1,225,181 | 119 |
| 2012 | $559,950 | +1.8% | $280,000 | $1,120,000 | 111 |
| 2013 | $639,500 | +12.4% | $366,000 | $1,905,000 | 201 |
| 2014 | $710,000 | +9.9% | $516,000 | $2,450,000 | 178 |
| 2015 | $891,000 | +20.3% | $580,000 | $1,520,000 | 140 |
| 2016 | $930,000 | +4.2% | $575,190 | $1,680,000 | 111 |
| 2017 | $1,071,500 | +13.2% | $360,000 | $1,800,000 | 130 |
| 2018 | $929,700 | -15.3% | $685,000 | $1,685,000 | 94 |
| 2019 | $896,000 | -3.8% | $353,000 | $1,880,000 | 105 |
| 2020 | $990,000 | +9.5% | $728,000 | $1,917,713 | 73 |
| 2021 | $1,207,500 | +18.0% | $765,000 | $2,337,000 | 144 |
| 2022 | $1,150,000 | -5.0% | $500,000 | $2,580,000 | 126 |
| 2023 | $1,270,800 | +9.5% | $663,000 | $2,460,000 | 123 |
| 2024 | $1,171,000 | -8.5% | $845,000 | $2,530,000 | 133 |
Median Sale Price
$1.17M
Based on 133 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-8.5%
Current Median Price: $1,171,000
Previous Median Price: $1,270,800
Based on 256 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $380 | 0.0% | $290 | $895 | 99 |
| 2012 | $375 | -1.3% | $270 | $850 | 103 |
| 2013 | $395 | +5.1% | $310 | $900 | 150 |
| 2014 | $395 | 0.0% | $300 | $820 | 122 |
| 2015 | $390 | -1.3% | $150 | $880 | 192 |
| 2016 | $400 | +2.5% | $190 | $1,010 | 135 |
| 2017 | $440 | +9.1% | $330 | $750 | 146 |
| 2018 | $449 | +2.0% | $200 | $1,100 | 136 |
| 2019 | $450 | +0.2% | $330 | $895 | 123 |
| 2020 | $450 | 0.0% | $300 | $820 | 113 |
| 2021 | $450 | 0.0% | $260 | $1,380 | 117 |
| 2022 | $495 | +9.1% | $350 | $1,100 | 157 |
| 2023 | $550 | +10.0% | $190 | $1,040 | 114 |
| 2024 | $595 | +7.6% | $175 | $1,000 | 104 |
Median Rent Price
$595
per week
Based on 105 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+7.6%
Current Median Rent: $595
Previous Median Rent: $550
Based on 220 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.6%
Current Median Price: $1,171,000
Current Median rent: $595
Based on 238 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Forest Hill
Houses sold in Last 12 months ends 21 Dec 2024
$1.22M
Median Sale Price
75%
Clearance Rate
74/99
Sold/Reported
$2.53M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 4 | |
| $1.8 M - $2 M | 3 | |
| $1.6 M - $1.8 M | 4 | |
| $1.4 M - $1.6 M | 6 | |
| $1.2 M - $1.4 M (Median Price Range) | 14 | |
| $1 M - $1.2 M | 19 | |
| $800 K - $1 M | 5 | |
Similar Suburbs to Forest Hill 3131
Based on median house sale price sold in last 12 months
Schools closest to Forest Hill, VIC 3131
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Blackburn Lake Primary School | 12 - 14 FLORENCE STREETBlackburn 3130 | Primary | Government | 1.12 km |
| Burwood Heights Primary School | CNR HAWTHORN & MAHONEYS RDSBurwood East 3151 | Primary | Government | 1.15 km |
| Forest Hill College | 178-180 MAHONEYS ROADBurwood East 3151 | Secondary | Government | 1.23 km |
| Parkmore Primary School | JOLIMONT ROADForest Hill 3131 | Primary | Government | 1.25 km |
| Nunawading Christian College - Secondary | 161 CENTRAL RDNunawading 3131 | Secondary | Independent | 1.57 km |
| St Thomas the Apostle School | 67 CENTRAL RDBlackburn 3130 | Primary | Catholic | 1.61 km |
| Nunawading Christian College - Primary | LAUGHLIN AVENunawading 3131 | Primary | Independent | 1.66 km |
| Orchard Grove Primary School | 101 ORCHARD GROVEBlackburn South 3130 | Primary | Government | 1.55 km |
| Mount Pleasant Road Nunawading Primary SchoolTop 20 | MT PLEASANT ROADNunawading 3131 | Primary | Government | 1.64 km |
| St Luke the Evangelist School | 46 ORCHARD GVEBlackburn South 3130 | Primary | Catholic | 1.64 km |