Suburb Profile Report for Box Hill VIC (3128)

Box Hill House: Median price $1,503,000, Annual capital growth 10.37%, Number of sales 85, Weekly median advertised rent $448

Box Hill Unit: Median price $465,000, Annual capital growth 5.71%, Number of sales 204, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Box Hill have tracked just higher than the VIC average of 11.00% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Box Hill comes in at number 6th in VIC.

The most recent median price for Box Hill is $1503000, with sellers offering an average of -4.51% off the asking price.

Box Hill has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -3.13% to date .

Over the longer term, Box Hill has seen property prices show investors a 0.98% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Box Hill is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 77th in terms of most discounted suburbs in VIC

At number 931 in a list of fastest selling suburbs, Box Hill is in the bottom 40% of suburbs in Australia with an average of days on market 83.87 for properties listed there.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,503,000 $465,000
2.85% -3.13%
15.17% -3.13%
10.37% 5.71%
$448 $370
85 204
1.55% 4.14%
81.3 83.87

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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