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City of Whitehorse
Forest Hill

Forest Hill Property Market
& Suburb Profile

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MEDIAN PRICES IN FOREST HILL

Median house price

(all agencies, last 12 months)$1.2m*

House price change

(all agencies, last 12 months)+5.35%

Median unit price

(all agencies, last 12 months)$825k*

Unit price change

(all agencies, last 12 months)+3.38%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

FOREST HILL PRICE TRACKER

HousesUnits

FOREST HILL SALES OVERVIEW

  • Sold by Auction 50%
  • Sold by Private Sale or Other Method 50%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)27

Auction clearance rate in Forest Hill

(all agencies, last 12 months)50%

Average held period in Forest Hill

(proptrack)14 years

FOREST HILL INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$667pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$610pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)2.88%

Average rental yield for Units

(all agencies, last 12 months)3.61%

Forest Hill total population size

(as at the last census)10,780

Median household size in Forest Hill

(as at the last census)2.5

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

FOREST HILL PROPERTY TYPES

  • Houses 48%
  • Units 19%
  • Other 33%

OCCUPANCY IN FOREST HILL

  • Owned 71%
  • Rented 26%
  • Other/Not Stated 3%
  • Singles 28%
  • Families 70%
  • Other 3%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

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ABOUT FOREST HILL

Forest Hill, situated within postcode 3131, is an established residential enclave in Melbourne’s eastern suburbs approximately 18 kilometers from the Central Business District.

Positioned within the City of Whitehorse, the suburb is geographically defined by its placement between the busier commercial hubs of Box Hill and Glen Waverley, serving as a quieter, family-oriented alternative.

Originally a region of dense forest that gave way to fruit orchards in the late 19th century, the suburb underwent a significant transformation in the post-World War II era. This history is still visible in the suburb’s wide, leafy streets and the presence of mid-century brick veneers and weatherboard homes, many of which are now being replaced by modern townhouses or larger contemporary residences as the area undergoes a generational shift.

Lifestyle and amenity are the primary drivers for residency in Forest Hill, anchored by the Forest Hill Chase Shopping Centre, one of Melbourne’s oldest and most comprehensive regional retail hubs. This center provides a central focal point for the community, housing major supermarkets, cinemas, and specialized retail. For recreation, the suburb is exceptionally well-serviced by the Aqualink Nunawading facility and the expansive greenery of Forest Hill Reserve and Mahoneys Reserve. Education is another pillar of the suburb’s profile, with Parkmore Primary School located within its boundaries and proximity to highly-regarded secondary institutions like Forest Hill College and Emmaus College. Furthermore, the suburb holds a unique place in Australian cultural history as the long-term home of the Fremantle Media production studios, where the television series Neighbours was filmed for decades, adding a layer of contemporary heritage to this quintessential eastern-suburbs landscape.

Education

Parkmore Primary School
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FOREST HILL MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
2025208$1,020,0025.35%197$639pw3.25%
2024189$974,250-4.92%211$610pw3.25%
2023194$1,056,2508.04%207$571pw2.98%
2022182$975,000-4.64%255$498pw2.79%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
2025208$1,020,002+5.35%
2024189$974,250-4.92%
2023194$1,056,250+8.04%
2022182$975,000-4.64%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
2025197$639pw3.25%
2024211$610pw3.25%
2023207$571pw2.98%
2022255$498pw2.79%

PROUDLY SERVICING Forest Hill

Barry Plant
Whitehorse

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.