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.