Suburb Profile Report for Box Hill VIC (3128)

Box Hill House: Median price $1,560,000, Annual capital growth 8.32%, Number of sales 61, Weekly median advertised rent $520

Box Hill Unit: Median price $480,000, Annual capital growth 2.48%, Number of sales 126, Weekly median advertised rent $400

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

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

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,560,000 $480,000
4.63% 1.07%
21.88% 1.05%
8.32% 2.48%
$520 $400
61 126
1.73% 4.33%
88.8823529411765 74.4285714285714

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

DSR Score for property investment : Balanced (H), Below 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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