Suburb Profile Report for Box Hill VIC (3128)

Box Hill House: Median price $1,421,000, Annual capital growth 10.40%, Number of sales 79, Weekly median advertised rent $450

Box Hill Unit: Median price $465,000, Annual capital growth 5.23%, Number of sales 166, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Box Hill, 3128 ranked 552th in VIC when comparing growth in median property values or capital gain over the last 12 months. Box Hill is one of 2098 in our list for VIC

When looking at the potential capital gains offered to property investors over the last 3 years, Box Hill comes in at number 7th in VIC.

LACK OF BUYER INTEREST may well be the reason that Box Hill is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 127th in terms of most discounted suburbs in VIC

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Over the last year, property investments in Box Hill, 3128 have given investors a capital gain of -6.63%. This compares very badly with the 4.26% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Box Hill,3128 has racked up an average of -6.63% over the period. This ranks it number 1329th in the whole country for real estate investors looking at median house price increases.

Box Hill, 3128 is offering VIC ‘s 98th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

Residents and property investors in Box Hill have been waiting around 80.25 days to sell a property.

Advertised rents are around the $360 mark per week – giving a return of 4.03% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,421,000 $465,000
4.45% -0.32%
1.50% -6.63%
10.40% 5.23%
$450 $360
79 166
1.65% 4.03%
74 80.25

Source: CoreLogic

DSR Score for property investment : Above average (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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