Forest Hill

Forest Hill, VIC 3131 is a vibrant suburb with a total population of 10,780 residents. The median weekly household income is above average. The suburb has a good mix of age groups, with a significant number of residents aged between 45 to 64 years. The most common occupations include Professionals, Managers, and Clerical/Administrative Workers. There is a strong preference for commuting by motor vehicle and working from home. The suburb offers a range of commuting options, including train and bus services. For Houses, Forest Hill presents itself as a stable market with moderate growth potential. The sale price range indicates opportunities for both entry-level and higher-end buyers. With a moderate rental yield and a balanced market absorption rate, it may be suitable for long-term investment. The suburb has a healthy room demand-supply ratio, suggesting potential for rental income through room renting. For Units, Forest Hill offers higher rental yield and a lower discount median compared to Houses. The Unit market has shown growth in the median price over the short term, making it appealing for investors seeking capital growth. Forest Hill, VIC 3131 is a well-established suburb that caters to a diverse population demographic. It provides convenient commuting options and ample opportunities for working from home. With a balanced property market for both Houses and Units, investors can find opportunities for rental income and potential capital growth. The suburb's ICSEA value indicates good educational advantages for students attending government schools. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022