Investment property in Box Hill South has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.74%
If we look at median property appreciation over just the last three months, Box Hill South has given property investors a paper return of 3.83%. This puts Suburb as 224 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Box Hill South are currently offering property investors an average price cut of -5.93% below the asking price at the moment.
On average over the past year, suburb has had 9.92 sales per month, which equates to 119 per year.
A $490 per week rent on the median house gives suburb investors a gross yield of circa 1.90%, without taking into account capital value appreciation, which has been averaging out at 10.95%.
Giving property investors a an average capital gain of 3.24% for the last year, Box Hill South, 3128 is the 929th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Box Hill South,3128 has racked up an average of 3.24% over the period. This ranks it number 642th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Box Hill South is giving property investors an average Vendor Discount of around -2.26%. This puts suburb at number 295th in VIC when ranking the most discounted suburbs.
At number 1107 in a list of fastest selling suburbs, Box Hill South is in the bottom 30% of suburbs in Australia with an average of days on market 95.31 for properties listed there.
The VIC suburb of Box Hill South, 3128 is in the Whitehorse local government area.