Forest Hill, VIC 3131
Compare Part of Whitehorse
18.02 km
Distance from Melbourne CBD
21 k
Population
Auction Times
Fri 19 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 361 Springvale Road 5 1 3 House | 6:00 PM Fri 19th Apr | Buxton Wheelers Hill |
Sat 20 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 435 Springvale Road 4 2 0 House | 9:30 AM Sat 20th Apr | Ray White |
 | 44 Lasiandra Avenue 3 1 2 House | 12:00 PM Sat 20th Apr | Jellis Craig |
 | 32 Quentin Street 0 0 0 Residential land | 12:30 PM Sat 20th Apr | Ray White |
 | 3/70 Mahoneys Road 3 2 2 Townhouse | 2:00 PM Sat 20th Apr | Jellis Craig |
Sat 27 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 16 Nandina Street 3 2 2 House | 10:30 AM Sat 27th Apr | Ray White |
 | 46 Menin Road 3 3 3 House | 11:00 AM Sat 27th Apr | Buxton Box Hill |
 | 2/10 Stringybark Close 3 2 2 Unit | 12:00 PM Sat 27th Apr | Ray White |
 | 28 Thornhill Drive 3 1 1 House | 1:00 PM Sat 27th Apr | Ray White |
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | $620,200 | +15.2% | $63,680 | $1,950,000 | 144 |
| 2011 | $550,000 | -12.8% | $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 | $1,073,000 | -18.4% | $905,000 | $2,155,000 | 29 |
Median Sale Price
$1.25M
Based on 128 recorded sales within the last 12 months
Updated on 19 Apr 2024
Suburb Growth
+10.4%
Current Median Price: $1,250,000
Previous Median Price: $1,120,000
Based on 244 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | $445 | +1.1% | $200 | $1,100 | 136 |
| 2019 | $450 | +1.1% | $330 | $895 | 123 |
| 2020 | $450 | 0.0% | $300 | $820 | 113 |
| 2021 | $450 | 0.0% | $260 | $990 | 117 |
| 2022 | $490 | +8.2% | $350 | $1,000 | 157 |
| 2023 | $550 | +10.9% | $190 | $1,040 | 114 |
| 2024 | $595 | +7.6% | $175 | $1,000 | 30 |
Median Rent Price
$560
per week
Based on 103 recorded rent within the last 12 months
Updated on 19 Apr 2024
Rent Price Growth
+8.9%
Current Median Rent: $560
Previous Median Rent: $510
Based on 250 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.3%
Current Median Price: $1,250,000
Current Median rent: $560
Based on 231 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Forest Hill
Houses sold in Last 12 months ends 13 Apr 2024
$1.3M
Median Sale Price
77%
Clearance Rate
61/80
Sold/Reported
$2.46M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 4 | |
| $1.8 M - $2 M | 1 | |
| $1.6 M - $1.8 M | 6 | |
| $1.4 M - $1.6 M | 6 | |
| $1.2 M - $1.4 M (Median Price Range) | 22 | |
| $1 M - $1.2 M | 12 | |
| $800 K - $1 M | 5 | |
| $600 K - $800 K | 1 | |
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 |