Suburb Profile Report for Box Hill VIC (3128)

Box Hill House: Median price $1,696,500, Annual capital growth 9.79%, Number of sales 64, Weekly median advertised rent $495

Box Hill Unit: Median price $483,500, Annual capital growth 5.03%, Number of sales 271, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.91% which means that Box Hill, 3128 has done well for property investors by showing a capital gain of 6.40% over the last year

A 118.90% growth in median value for property investors in Box Hill,3128 puts this suburb at number 643th in terms of best performing suburbs in VIC

Property buyers and investors in Box Hill 3128 should be seeing an average reduction in asking price of around -7.06% . This means that Box Hill is holding prices well when compared to other suburbs in VIC.

A $495 per week rent on the median house gives suburb investors a gross yield of circa 1.52%, without taking into account capital value appreciation, which has been averaging out at 9.79%.

Property investors who have had real estate in Box Hill, 3128 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.26%

The five-year average increase in median property values for Box Hill,3128 has given property investors a potential capital gain of 12.97% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Box Hill, 3128. Typically our figures indicate that -6.08% is being offered, which puts this VIC suburb at 432th most discounted overall in Australia.

Metrics i HOUSE UNIT
$1,696,500 $483,500
-4.08% -0.31%
6.40% 1.26%
9.79% 5.03%
$495 $380
64 271
1.52% 4.09%
105.3 78.48

Source: CoreLogic

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