Forest Hill, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Forest Hill
VICCensus 2021 · Population 10,775
Forest Hill is a suburb with a population of 10,775, characterized by a median age of 42 years, which is slightly older than the Victorian median of 38. The suburb has a balanced gender distribution with 47.7% male and 52.3% female residents. Family structures are diverse, with 47.7% of households being couples with children and 34.3% being couples without children. The suburb has a significant proportion of single-person households at 27.5%. The cultural diversity is notable, with 45.6% of residents born overseas, compared to the Victorian average of 35%.
Key Highlights
- Highly educated population - 37.3% hold bachelor degrees (vs VIC 29.2%)
- Significant owner-occupier presence - 70.8% of homes are owned outright or with a mortgage
- Diverse cultural community - 45.6% born overseas (vs VIC 35%)
- High work-from-home rate - 32.7% of residents
- Above average median family income - $2,120 weekly
Things to Consider
- Higher median age may not appeal to younger demographics
- Relatively low public transport usage at 4.6%
- Median household income slightly below state average
- Moderate unemployment rate at 5.4%
- Limited apartment living options at 3.1%
What's it like living here?
Daily life in Forest Hill is characterized by a strong sense of community, with many residents owning their homes outright (38.1%) or with a mortgage (32.7%). The suburb has a high percentage of people working from home at 32.7%, reflecting modern work patterns. Commuting is primarily done by car, with 44.8% of residents driving to work, while public transport usage is relatively low at 4.6%.