If you compare the increase in value of investment property in Box Hill, 3128 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 32.70%.
Box Hill,3128 was ranked 2703 in Australia by increase in median property value over the quarter.
The most recent median price for Box Hill is $1400000, with sellers offering an average of -7.38% off the asking price.
Residents and property investors in Box Hill have been waiting around 91.54 days to sell a property.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 1.67%, without taking into account capital value appreciation, which has been averaging out at 12.06%.
Investment property in Box Hill has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.70%
Box Hill,3128 was ranked 1378 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Box Hill are currently offering property investors an average price cut of -13.13% below the asking price at the moment.
At number 708 in a list of fastest selling suburbs, Box Hill is just in the top half of suburbs in Australia with an average of days on market 71.74 for properties listed there.