Suburb Profile Report for Box Hill South VIC (3128)

Box Hill South House: Median price $1,030,000, Annual capital growth 7.21%, Number of sales 81, Weekly median advertised rent $500

Box Hill South Unit: Median price $747,500, Annual capital growth 5.86%, Number of sales 39, Weekly median advertised rent $495

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Giving property investors a a poor capital gain of -24.95% for the last year, Box Hill South, 3128 is the 4015th highest performer in Australia in this respect.

Comparing Box Hill South,3128 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Box Hill South is $1030000, with sellers offering an average of -6.85% off the asking price.

Residents and property investors in Box Hill South have been waiting around 71.2857 days to sell a property.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 2.52%, without taking into account capital value appreciation, which has been averaging out at 7.21%.

Property value increases in Box Hill South have tracked just higher than the VIC average of 0.68% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Box Hill South has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Box Hill South are currently offering property investors an average price cut of -8.56% below the asking price at the moment.

Using the current median advertised rental of $495 and the average annual increase in value of a median property of 5.86%, investors should hope to achieve an overall return of 3.44%

YIP MAG Information supplied by:

YIP MAG
May 2015

M
O

W
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The scenic historical suburb of Box Hill South is the centre of development in Melbourne’s west.

Tipped to become the city’s next mini CBD, the area boasts a bustling vibrant community.

With an average of 735 visits per listed property, Box Hill South is in high demand.

The area is popular with a wide range of demographics with units appealing more to established couples and professionals.

A commercial hub sits along Middleborough Road with a range of both small and large businesses.

The main shopping centre is actually at the train station in neighbouring Box Hill but is well within walking distance and only a five-minute trip by car.

Transport infrastructure in the area is excellent with both tram and bus routes throughout.

While the median unit price of $630,000 is not cheap, bargains can be found for those willing to look.

Two-bedroom units on Edinburgh Street and Middleborough Road can be bought for under $380,000
Metrics i HOUSE UNIT
$1,030,000 $747,500
-1.90% 7.71%
-24.95% 4.11%
7.21% 5.86%
$500 $495
81 39
2.52% 3.44%
71.2857142857143 80.59375

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 7699
Median household income ($/weekly) 1316
Median age of persons 38
Median housing loan repayment ($/monthly) 2100
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 919 11.9
    25-34 years 1003 13.0
    35-44 years 1128 14.7
    45-54 years 1082 14.1
    55-64 years 809 10.5
    Others 2758 35.8
    Age Group
    Census Count Percent(%)
    Not Married 2751 47.3
    Registered Married 2736 47.0
    Defacto Relationship 331 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4949 67.4
    Croatia 626 8.5
    Malta 147 2.0
    United Kingdom 286 3.9
    Other 297 4.0
    Others 1037 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 379 5.4
    Christianity 4184 59.6
    Hinduism 102 1.5
    Islam 77 1.1
    No Religion 2197 31.3
    Others 85 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 251 9.7
    $600-$799 217 8.4
    $1,500-$1,999 297 11.5
    $2,000-$2,499 228 8.8
    $2,500-$2,999 272 10.5
    Others 1321 51.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2162 36.0
    Employed, worked full-time 2157 35.9
    Employed, worked part-time 1255 20.9
    Unemployed, looking for work 229 3.8
    Employed, away from work 203 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 502 13.9
    Professionals 1241 34.3
    Technicians & trades workers 365 10.1
    Clerical & administrative workers 517 14.3
    Sales 359 9.9
    Others 633 17.5
    Occupation
    Census Count Percent(%)
    Pre-school 153 7.1
    Infants/Primary 604 27.9
    Secondary 490 22.6
    Technical or Further Educational Institution 167 7.7
    University or other Tertiary Institutions 694 32.1
    Others 56 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5955 82.1
    Semi-detached, row or terrace house, townhouse 870 12.0
    Flat, unit or apartment 403 5.6
    House or flat attached to a shop, office 21 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 970 35.0
    Being purchased 961 34.7
    Rented 726 26.2
    Other tenure type 116 4.2
    Tenure Type
Census 2011, ABS
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