Suburb Profile Report for Box Hill South VIC (3128)

Box Hill South House: Median price $1,238,500, Annual capital growth 8.04%, Number of sales 95, Weekly median advertised rent $530

Box Hill South Unit: Median price $821,250, Annual capital growth 5.51%, Number of sales 46, Weekly median advertised rent $480

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Property value increases in Box Hill South have tracked just lower than the VIC average of 2.87% over the last 12 months.

The five-year average increase in median property values for Box Hill South,3128 has given property investors a potential capital gain of 31.06% across each of those five years.

On average over the past year, suburb has had 7.92 sales per month, which equates to 95 per year.

Situated 14.22km from the CBD, Box Hill South is one of Whitehorse (C) localities in the postcode 3128.

At number 263th in the list of Australian suburbs ordered by increase in median house value over the last year, Box Hill South, 3128 is in the top 20% with a property value increase of 9.87% recorded in median house prices.

A 23.50% growth in median value for property investors in Box Hill South,3128 puts this suburb at number 16th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -8.86% to buyers in Box Hill South at the moment, which is less than average for the rest of VIC.

Property investors should expect to get $480 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
May 2015

M
O

W
E
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
$1,238,500 $821,250
8.36% 9.50%
-0.52% 9.87%
8.04% 5.51%
$530 $480
95 46
2.23% 3.04%
58.4 72.3448275862069

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (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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