Suburb Profile Report for Box Hill North VIC (3129)

Box Hill North House: Median price $1,321,000, Annual capital growth 9.00%, Number of sales 145, Weekly median advertised rent $460

Box Hill North Unit: Median price $810,000, Annual capital growth 7.49%, Number of sales 77, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 497th in the list of Australian suburbs ordered by increase in median house value over the last year, Box Hill North, 3129 is in the top 20% with a property value increase of 18.88% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Box Hill North has increased when compared to the 5 year average annual rate.

At number 624th of VIC’s most discounted properties, Box Hill North is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $470 weekly from the median priced house in this suburb.

Box Hill North is an average performer in VIC when comparing median price capital growth over the last year. Box Hill North gave property investors a average capital gain figure when compared to the rest of the state, with 7.04%.

Across a shorter period, Box Hill North, 3129 has seen a median price increase of -1.71% over the last quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Box Hill North itself are offering an average vendor discount of -5.50% to real estate investors.

In the last year 74 properties changed hands in Box Hill North, which puts it as the 123th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4980 per annum or $415 every week.

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 reservesFull summary
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.
Close
Metrics i HOUSE UNIT
$1,321,000 $810,000
0.30% -2.17%
15.27% 2.79%
9.00% 7.49%
$460 $420
145 77
1.81% 2.70%
56.76 79.18

Source: CoreLogic

DSR Score for property investment : Very good (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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Recent sales & rentals