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Forest Hill, NSW 2651

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Forest Hill, NSW 2651 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Forest Hill, NSW 2651”

  1. The total adult population (15 years or older) of Forest Hill 2651 NSW is 2,422, with a median age of 25. Of those, 33.61% are married, 9.25% are divorced or separated, 54.62% are single and 2.31% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,124. The median monthly mortgage repayment for households in this suburb is $1,300 which is 16.00% of their earnings.

    Source: ABS Census Data (2021)

  2. The NSW suburb of Forest Hill, postcode 2651, is home to approximately 1041 households. As we enter the third quarter of 2023, property market observations indicate a typical price for houses within Forest Hill sitting at $492,356. This, coupled with the median weekly rent of $465, denotes an impressive indicative yield of 4.91%. This yield figure is particularly noteworthy, surpassing the 3% stability mark, a consistent attraction for cashflow-focused property investors.

    Looking at the socio-economic fabric of the area, Forest Hill possesses an IRSAD score of 955 out of an upper limit of 1217, indicating the suburb’s above-average economic access, occupational variety and income levels.

    When contemplating the rental market, Forest Hill shows a renter to owner ratio at 36%. Whilst this is higher than the ideal 30% and below, it isn’t in the cautious 45% and above territory. The suburb’s units (i.e., apartments, flats, studios) to houses ratio stands at an excellent 6%. Such a low percentage suggests lessened competition amongst landlords for tenants and a sustained high rental yield potential.

    One compelling facet surrounding Forest Hill’s housing market is the affordability. With the affordability index sitting at 24 years, the area exhibits high housing affordability, further enhancing its appeal to prospective buyers.

    Analysing the supply metrics, Forest Hill presents a promising stock on market Percentage of 0.19% for houses, along with an inventory level sitting at a mere 0.73 months. These figures suggest a low supply market, which is generally favourable. Notably, with the building approvals Ratio for houses at a near-non existent 0.0%, new supply is unlikely to disrupt this balance.

    When evaluating demand metrics, houses in Forest Hill remain on the market for an average of 57 days. While not indicating high demand, it does not signal low demand either, as it falls below the 90-day figure. A supporting statistic, the vacancy rate sits at 0.81% suggests a high demand environment with the scarcity of available properties. However, a buy search index for houses at 3 greatly signals neutral demand and warrants careful observation of trends.

    In conclusion, Forest Hill, 2651, with its strong indicative yield, low supply and high affordability metrics, is showing promising signs of being a worthwhile investment locale. The RCS (Relative Composite Score) developed by HtAG Analytics could further facilitate comprehensive property market research, adding a statistical foundation to these observations. As is always, continue to pay close attention to market trends and ongoing data when making investment decisions. Observing a strategic mixture of favourable metrics with careful inspection of trends can result in strategic and profitable investments.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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