Suburb Profile Report for Box Hill North VIC (3129)

Box Hill North House: Median price $1,200,000, Annual capital growth 7.80%, Number of sales 125, Weekly median advertised rent $480

Box Hill North Unit: Median price $820,000, Annual capital growth 5.13%, Number of sales 75, Weekly median advertised rent $463

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Box Hill North, 3129 have given investors a capital gain of 9.09%. This compares very favourably with the 2.87% for VIC as a whole.

Box Hill North,3129 was ranked 1500 in Australia by increase in median property value over the quarter.

The most recent median price for Box Hill North is $1200000, with sellers offering an average of -7.91% off the asking price.

At number 1141 in a list of fastest selling suburbs, Box Hill North is in the TOP 40% of suburbs in Australia with an average of days on market 65.381 for properties listed there.

Investment property in Box Hill North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.67%

Taking the average capital gain, or increase in median house value, Box Hill North,3129 has racked up an average of 18.67% over the period. This ranks it number 627th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Box Hill North should be aiming for at least -4.58% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $462.5 and the average annual increase in value of a median property of 5.13%, investors should hope to achieve an overall return of 2.93%

Dane Seeley Information supplied by:

Dane Seeley
Philip Webb

M 0413 957 365
O 9874 3355

W http://www.philipwebb.com.au/
E dseeley@philipwebb.com.au
Box Hill North is a terrific place to live with every possible amenity available and a great mix of people. 
 
Just moments to the Eastern Freeway, access to the CBD is just a short drive.
Box Hill Centro offers endless Asian cuisine and fresh foods.
 
A green and leafy suburb with great schools, shopping, parks, walking tracks and reserves.
 
Selling points: 
Access to Eastern Freeway, schools, public transport, typically good size blocks of land.
 
Most sought-after properties: 
Properties with plenty of character and dual occupancy development sites.
 
Most common properties:  
3 bedroom, 1 bathroom, brick veneer homes.
 
Top amenities: 
Box Hill Centro Shopping Centre, close to Westfield Doncaster, Eastern Freeway/public transport, Koonung and Box Hill Secondary schools.
 
Local industry and business:
Cafes, small shops, close to Box Hill hospital.
 
Recent changes: 
As baby boomers are downsizing, we’re seeing more young families buy in the area, renovating and extending 3 bedroom, 1 bathroom homes.
Apartment developments.
 
Best streets: 
Homes in the River Estate
 
Public transport: 
Buses, Trains, Trams.
 
Main arteries: 
Eastern Freeway, Whitehorse Road, Station Street, Elgar Road, Middleborough Road.
Metrics i HOUSE UNIT
$1,200,000 $820,000
1.78% -3.07%
9.09% 18.67%
7.80% 5.13%
$480 $463
125 75
2.08% 2.93%
65.3809523809524 92.9166666666667

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)
Find a mortgage broker in Box Hill North VIC
Demographics
Total population 10971
Median household income ($/weekly) 1223
Median age of persons 38
Median housing loan repayment ($/monthly) 1980
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1263 11.5
    25-34 years 1622 14.8
    35-44 years 1650 15.0
    45-54 years 1497 13.6
    55-64 years 1086 9.9
    Others 3854 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 4169 49.2
    Not Married 3824 45.1
    Defacto Relationship 479 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6316 59.8
    Croatia 1225 11.6
    Malta 312 3.0
    United Kingdom 322 3.1
    Other 477 4.5
    Others 1905 18.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 598 5.9
    Christianity 5700 56.7
    Hinduism 199 2.0
    Islam 98 1.0
    No Religion 3349 33.3
    Others 114 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 376 10.0
    $600-$799 369 9.8
    $1,500-$1,999 462 12.3
    $2,000-$2,499 323 8.6
    $2,500-$2,999 353 9.4
    Others 1877 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3213 36.9
    Employed, worked full-time 3068 35.3
    Employed, worked part-time 1783 20.5
    Unemployed, looking for work 342 3.9
    Employed, away from work 293 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 606 11.8
    Professionals 1614 31.4
    Technicians & trades workers 621 12.1
    Clerical & administrative workers 809 15.7
    Sales 468 9.1
    Others 1028 20.0
    Occupation
    Census Count Percent(%)
    Pre-school 211 7.3
    Infants/Primary 850 29.3
    Secondary 656 22.6
    Technical or Further Educational Institution 306 10.5
    University or other Tertiary Institutions 749 25.8
    Others 133 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8349 79.7
    Semi-detached, row or terrace house, townhouse 1351 12.9
    Flat, unit or apartment 770 7.4
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1631 40.4
    Being purchased 1238 30.7
    Rented 1145 28.4
    Other tenure type 24 0.6
    Tenure Type
Census 2011, ABS
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