Suburb Profile Report for Box Hill VIC (3128)

Box Hill House: Median price $1,470,700, Annual capital growth 10.32%, Number of sales 78, Weekly median advertised rent $445

Box Hill Unit: Median price $465,750, Annual capital growth 6.44%, Number of sales 204, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 8.94% for the last year, Box Hill, 3128 is the 1628th highest performer in Australia in this respect.

While Box Hill,3128 ranked number 446th in VIC for increase in median house value (annualised) increase, it is ranked 10th over the last 5 years.

Vendor discounting in Box Hill is giving property investors an average Vendor Discount of around -6.58%. This puts suburb at number 153th in VIC when ranking the most discounted suburbs.

The VIC suburb of Box Hill, 3128 is in the Whitehorse local government area.

Over the last year, property investments in Box Hill, 3128 have given investors a capital gain of -4.36%. This compares very badly with the 4.79% for VIC as a whole.

While Box Hill,3128 ranked number 313th in VIC for increase in median house value (annualised) increase, it is ranked 286th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Box Hill is offering property investors an average of -4.87. This rate of discount on properties puts Suburb at number 62th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Box Hill the average time real estate has been on the market is 83.48 days.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.02%, without taking into account capital value appreciation, which has been averaging out at 6.44%.

Metrics i HOUSE UNIT
$1,470,700 $465,750
1.53% -2.46%
8.94% -4.36%
10.32% 6.44%
$445 $360
78 204
1.57% 4.02%
84.31 83.48

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 9671
Median household income ($/weekly) 1023
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 780 8.1
    20-24 years 1496 15.5
    25-34 years 1971 20.4
    35-44 years 1251 12.9
    45-54 years 1107 11.4
    Others 3067 31.7
    Age Group
    Census Count Percent(%)
    Not Married 3808 51.9
    Registered Married 2962 40.3
    Defacto Relationship 572 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4154 47.0
    Croatia 1971 22.3
    India 300 3.4
    Indonesia 405 4.6
    Other 472 5.3
    Others 1544 17.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 819 9.6
    Christianity 3780 44.5
    Hinduism 316 3.7
    Islam 175 2.1
    No Religion 3282 38.7
    Others 116 1.4
    Religious Affiliation
  • Census Count Percent(%)
    Negative/Nil income 278 8.4
    $400-$599 314 9.4
    $600-$799 314 9.4
    $1,000-$1,249 306 9.2
    $1,500-$1,999 352 10.6
    Others 1759 52.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2943 38.2
    Employed, worked full-time 2574 33.5
    Employed, worked part-time 1551 20.2
    Unemployed, looking for work 370 4.8
    Employed, away from work 257 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 485 11.1
    Professionals 1260 28.8
    Technicians & trades workers 541 12.4
    Clerical & administrative workers 650 14.9
    Sales 443 10.1
    Others 995 22.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 492 16.9
    Secondary 477 16.4
    Technical or Further Educational Institution 400 13.7
    University or other Tertiary Institutions 1254 43.1
    Other type of educational institution 162 5.6
    Others 126 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3939 45.9
    Semi-detached, row or terrace house, townhouse 2677 31.2
    Flat, unit or apartment 1965 22.9
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1779 50.4
    Fully owned 884 25.1
    Being purchased 799 22.6
    Other tenure type 66 1.9
    Tenure Type
Census 2011, ABS
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