Forest Hill, NSW
OVERVALUED2,102 sales · 36 years of data · NSW, Australia
Forest Hill, NSW Property Market Overview
Forest Hill, located in New South Wales, Australia, postcode 2651, presents a compelling case study in regional property market dynamics. With a substantial 36-year data history encompassing 2,102 recorded sales, AusPropertyInsights.app offers a detailed look at this suburb's property trends. The current median property price (all types) sits at $525,000, with houses mirroring that figure and apartments slightly lower at $415,000.
Forest Hill's property market is characterised by a mix of housing types, with a small percentage of apartments contributing to the overall market composition. The suburb's historical growth, demonstrated by its long-term capital growth rates, makes it a point of interest for property market observers. AusPropertyInsights.app provides valuable insights into Forest Hill's unique market conditions.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Forest Hill
Top streets in Forest Hill, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Paperbark Dr | $640,000 |
| 2 | Sackville Dr | $542,000 |
| 3 | Lacebark Dr | $692,750 |
| 4 | Allonby Ave | $467,500 |
... and 49 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Elizabeth Ave | $807/m² |
| 2 | Paperbark Dr | $875/m² |
| 3 | Protea Pl | $849/m² |
| 4 | Beech St | $861/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Eldershaw Dr | +8.3% |
| 2 | Brunskill Ave | +6.8% |
| 3 | Allonby Ave | +7.5% |
| 4 | Cox Ave | +8.2% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Forest Hill analysis
53 streets and 4 buildings to explore
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Forest Hill at a Glance
Forest Hill, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Forest Hill, NSW
Forest Hill offers a relaxed, family-friendly lifestyle. The suburb is serviced by Wagga Wagga Airport, providing convenient access to larger cities. Residents can enjoy local parks such as the Forest Hill Memorial Park and the Forest Hill Recreation Ground, providing ample green spaces for recreation and leisure.
Forest Hill Public School caters to the educational needs of local families. While there isn't a dedicated train station within Forest Hill itself, nearby Wagga Wagga station provides rail connections. The suburb offers a mix of established homes and newer developments, creating a diverse and welcoming community. The local RAAF base also contributes to the community's unique character.
Shopping needs are met by local businesses and amenities in the Forest Hill shopping strip. The suburb's peaceful atmosphere and community spirit make it an attractive place to call home.
Who Buys in Forest Hill?
Forest Hill primarily attracts families and first-home buyers seeking affordable housing options. The median house price of $525,000 makes it relatively accessible compared to Sydney's metropolitan areas. The suburb's low strata percentage indicates a preference for houses over apartments, appealing to families looking for space and gardens. The 14.4% 10-year CAGR suggests potential for long-term capital growth, making it attractive to buyers looking to build equity. While the apartment median is $415,000, the limited number of apartments (3.1% strata) suggests this buyer segment is smaller.
Market Analysis
As of early 2026, the Forest Hill property market is currently positioned above its long-term trend. This means the suburb is currently in overvalued territory according to our analysis. This cyclical position reflects the current demand and supply dynamics within Forest Hill's property landscape.
Understanding Forest Hill's position in the property cycle is crucial for interpreting current market conditions. While the market is currently above its long-term trend, historical data suggests that markets fluctuate. AusPropertyInsights.app offers a comprehensive analysis of these cycles to help users understand the context of Forest Hill's current market position.
Is Forest Hill a Good Investment?
Forest Hill's historical growth patterns provide insights into its potential. The suburb's 10-year CAGR of 14.4% demonstrates significant capital appreciation over the past decade. The 20-year and full-period CAGRs, while lower, still indicate consistent growth over the long term. This suggests that Forest Hill has historically presented opportunities for property value appreciation.
As of early 2026, Forest Hill is positioned above its long-term trend. This overvalued label, according to our analysis, indicates that the market is currently experiencing higher prices relative to its historical averages. These factors, coupled with the suburb's established residential character, contribute to its overall market dynamics.
Forest Hill Market Outlook
As of early 2026, Forest Hill's property market is currently above its long-term trend. Recent price trends indicate a period of elevated values. The current market conditions reflect a dynamic interplay of supply and demand within the suburb. Forest Hill remains an area of interest for those tracking regional property market trends. AusPropertyInsights.app continues to monitor these trends to provide updated analysis.
Streets & Location in Forest Hill, NSW
Forest Hill, postcode 2651, features a variety of residential streets. According to our data, some of the streets with the highest median property prices include ALLONBY AVE, FLINTWOOD ST, and QUANDONG PL. With a total of 53 streets, Forest Hill offers a diverse range of residential options. The suburb's location within NSW contributes to its overall appeal and market dynamics.
Market Dynamics
Market activity in Forest Hill demonstrates efficient transaction times. The average settlement period for properties in Forest Hill is approximately 46 days. This relatively quick turnaround suggests an active and liquid market. Data regarding quick-flip percentages is unavailable, indicating that such activity may not be a significant factor in the Forest Hill market. These factors contribute to the overall picture of property transactions in Forest Hill.
Development & Density
Forest Hill exhibits a predominantly low to medium density residential landscape. The suburb features a relatively small number of apartment buildings, with only 4 recorded. This suggests a strong preference for detached housing within Forest Hill. The low strata percentage of 3.1% further supports this observation, indicating that the majority of properties are houses rather than apartments. This housing composition contributes to the suburb's overall character and market dynamics.
Growth & Property Mix
Historically, Forest Hill has experienced significant capital growth. Over the past 10 years, the suburb has achieved a Compound Annual Growth Rate (CAGR) of 14.4%. Looking further back, the 20-year CAGR stands at 5.7%, while the full-period CAGR, encompassing the entire 36-year dataset, is 5.5%. These figures provide a historical perspective on Forest Hill's property value appreciation. The market consists predominantly of houses, with a small proportion of apartments, evidenced by the 3.1% strata title percentage.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.