Suburb Profile Report for Box Hill VIC (3128)

Box Hill House: Median price $1,400,000, Annual capital growth 11.72%, Number of sales 80, Weekly median advertised rent $465

Box Hill Unit: Median price $480,000, Annual capital growth 5.95%, Number of sales 175, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 23.89% for the last year, Box Hill, 3128 is the 151th highest performer in Australia in this respect.

Box Hill,3128 was ranked 746 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Box Hill, 3128. Typically our figures indicate that -8.07% is being offered, which puts this VIC suburb at 780th most discounted overall in Australia.

Residents and property investors in Box Hill have been waiting around 76.12 days to sell a property.

Renters in Suburb are facing rents around $5580 per annum or $465 every week.

At number 1444th in the list of Australian suburbs ordered by increase in median house value over the last year, Box Hill, 3128 is in the BOTTOM 20% with a property value increase of -5.88% recorded in median house prices.

Over the longer term, Box Hill has seen property prices show investors a 9.14% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Box Hill is giving property investors an average Vendor Discount of around -8.90%. This puts suburb at number 17th in VIC when ranking the most discounted suburbs.

Box Hill, 3128’s gross rental yield is 3.79%

HOUSE UNIT
$1,400,000 $480,000
3.63% -1.79%
23.89% -5.88%
11.72% 5.95%
$465 $350
80 175
1.73% 3.79%
76.12 78.33

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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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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Recent sales & rentals