Suburb Profile Report for Box Hill South VIC (3128)

Box Hill South House: Median price $1,340,000, Annual capital growth 10.95%, Number of sales 119, Weekly median advertised rent $490

Box Hill South Unit: Median price $765,000, Annual capital growth 8.29%, Number of sales 42, Weekly median advertised rent $425

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

YIP MAG Information supplied by:

YIP MAG
May 2015

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The scenic historical suburb of Box Hill South is the centre of development in Melbourne’s westFull summary The scenic historical suburb of Box Hill South is the centre of development in Melbourne’s west.

Tipped to become the city’s next mini CBD, the area boasts a bustling vibrant community.

With an average of 735 visits per listed property, Box Hill South is in high demand.

The area is popular with a wide range of demographics with units appealing more to established couples and professionals.

A commercial hub sits along Middleborough Road with a range of both small and large businesses.

The main shopping centre is actually at the train station in neighbouring Box Hill but is well within walking distance and only a five-minute trip by car.

Transport infrastructure in the area is excellent with both tram and bus routes throughout.

While the median unit price of $630,000 is not cheap, bargains can be found for those willing to look.

Two-bedroom units on Edinburgh Street and Middleborough Road can be bought for under $380,000Close
Metrics i HOUSE UNIT
$1,340,000 $765,000
3.83% -1.80%
10.74% 3.24%
10.95% 8.29%
$490 $425
119 42
1.90% 2.89%
67.6 95.31

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Box Hill South VIC
Demographics
Total population 7699
Median household income ($/weekly) 1316
Median age of persons 38
Median housing loan repayment ($/monthly) 2100
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 919 11.9
    25-34 years 1003 13.0
    35-44 years 1128 14.7
    45-54 years 1082 14.1
    55-64 years 809 10.5
    Others 2758 35.8
    Age Group
    Census Count Percent(%)
    Not Married 2751 47.3
    Registered Married 2736 47.0
    Defacto Relationship 331 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4949 67.4
    Croatia 626 8.5
    Malta 147 2.0
    United Kingdom 286 3.9
    Other 297 4.0
    Others 1037 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 379 5.4
    Christianity 4184 59.6
    Hinduism 102 1.5
    Islam 77 1.1
    No Religion 2197 31.3
    Others 85 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 251 9.7
    $600-$799 217 8.4
    $1,500-$1,999 297 11.5
    $2,000-$2,499 228 8.8
    $2,500-$2,999 272 10.5
    Others 1321 51.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2162 36.0
    Employed, worked full-time 2157 35.9
    Employed, worked part-time 1255 20.9
    Unemployed, looking for work 229 3.8
    Employed, away from work 203 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 502 13.9
    Professionals 1241 34.3
    Technicians & trades workers 365 10.1
    Clerical & administrative workers 517 14.3
    Sales 359 9.9
    Others 633 17.5
    Occupation
    Census Count Percent(%)
    Pre-school 153 7.1
    Infants/Primary 604 27.9
    Secondary 490 22.6
    Technical or Further Educational Institution 167 7.7
    University or other Tertiary Institutions 694 32.1
    Others 56 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5955 82.1
    Semi-detached, row or terrace house, townhouse 870 12.0
    Flat, unit or apartment 403 5.6
    House or flat attached to a shop, office 21 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 970 35.0
    Being purchased 961 34.7
    Rented 726 26.2
    Other tenure type 116 4.2
    Tenure Type
Census 2011, ABS
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