Over the last year, property investments in Box Hill, 3128 have given investors a capital gain of 21.88%. This compares very favourably with the 5.12% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Box Hill has increased when compared to the 5 year average annual rate.
Box Hill, 3128’s gross rental yield is 1.73%
Property value increases in Box Hill have tracked just lower than the VIC average of 6.63% over the last 12 months.
A -3.03% growth in median value for property investors in Box Hill,3128 puts this suburb at number 181th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Box Hill is offering property investors an average of -5.69. This rate of discount on properties puts Suburb at number 45th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 2.48%, investors should hope to achieve an overall return of 4.33%