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Forest Hill, QLD 4342
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$745,000
market range $700K-$825K
Median Unit
$525,000
Gross Yield (houses)
3.8%
1yr Growth (houses)
+16.4%
market range +7.5% to +20.0%
Investment snapshot for Forest Hill
Forest Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Forest Hill market and investor summary
Forest Hill (QLD 4342) runs a median house price of $745K, with houses yielding a gross 3.8%. House prices have moved +16.4% over the past year and +83.8% over three years. At 0.6% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.6% and a resident base that is not shrinking.
Living in Forest Hill: people, income and schools
About 935 people live in Forest Hill, and the area has been growing steadily, up about 13% over five years. The median age is 41, skewed a little older, and 74% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $69,000 a year, or roughly $1,320 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 10.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is roughly 67 km from the CBD. It is fairly car-dependent; the suburb scores 5 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 935
- +13% over 5yr
- Median age
- 41 years
- Median household income
- $69,000/yr
- Households renting
- 24%
- Family households
- 63%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 982
- Unemployment
- 4.3%
- Distance to CBD
- 67 km
- Walk score
- 5/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Forest Hill
No properties currently listed in Forest Hill
Search Forest Hill listings →Frequently asked questions about Forest Hill
What should I check before investing in Forest Hill?
Forest Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +16.4% in the past year shows strong recent price momentum. 3-year capital growth of +83.8% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Forest Hill?
The median property price in Forest Hill, QLD 4342 is $745K for houses and $525K for units.
What rental yield does Forest Hill show?
The gross rental yield in Forest Hill is 3.8% for houses and 2.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Forest Hill?
House prices in Forest Hill are up 16.4% over the past year and up 83.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Forest Hill?
The current vacancy rate in Forest Hill is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Forest Hill?
Forest Hill has a population of approximately 935 residents, with a median age of 41.
What schools are near Forest Hill?
There are 1 school within roughly 5km of Forest Hill. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Forest Hill affordable to buy in?
A median house in Forest Hill costs about 10.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Forest Hill's population growing?
The population of Forest Hill has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Forest Hill from the CBD?
Forest Hill is about 67 km from the CBD.
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