Box Hill South

POSTAL CODE: VIC, 3128

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,503,000.

The upward trend in home prices in BOX HILL SOUTH, 3128 averaged 1.6% per annum over a 3-year period.

Average weekly rents on listings have reached the $700 mark, reflecting a 2.42% increase in returns based on the current median price in BOX HILL SOUTH.

An average of 8.58 real estate transactions take place per month in BOX HILL SOUTH which translates to 103 per annum.

103 properties were sold in BOX HILL SOUTH in 2016, making it the 727th most active market in VIC based on total real estate transactions.

BOX HILL SOUTH, 3128 places 295th in Australia based on median property value growth during the quarter.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $927,000.

Investors saw the median home price rise to $927,000.

The upward trend in home prices in BOX HILL SOUTH, 3128 averaged 0.29% per annum over a 3-year period.

BOX HILL SOUTH now ranks at the 330th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BOX HILL SOUTH are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In BOX HILL SOUTH, homes and units usually stay on listing for an average of 61.8 days.

67 properties were sold in BOX HILL SOUTH in 2016, making it the 63rd most active market in VIC based on total real estate transactions.

Surburb overview

Box Hill South is a suburb located approximately 14 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has a population of 8,491 residents, with a median age of 39.

The suburb is known for its peaceful and family-friendly atmosphere, tree-lined streets and a welcoming community.

Box Hill South offers essential establishments, including retail outlets, dining options, and healthcare facilities. While no major shopping centres are within the suburb, smaller strip shopping areas exist at the intersections of Canterbury Road and Station Street, Elgar Road and Riversdale Road, and Middleborough Road and Mirabella Crescent.

Recreational activities in Box Hill South are diverse, with several parks and green spaces available for residents. Wembley Park on Canterbury Road is home to the Box Hill Soccer Club, and the Gardiners Creek Reserve offers a shared bicycle and pedestrian trail through the Gardiners Creek Valley.

The median property price for a house in Box Hill South is approximately $1,530,000, with an annual capital growth of 2.00%. Rental yields for houses are currently around 2.21%, with a median weekly rent of $650.

Box Hill South offers a blend of residential living with access to essential services and recreational opportunities, all close to Melbourne's city centre.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,503,000	$927,000
Growth Report
Median Quarterly	2.24%	-2.63%
Median 12 month	-1.12%	-2.42%
Median 3 years	4.81%	0.87%
Median 5 years	16.83%	11.49%
10 years average annual	3.29%	2.59%
Weekly media advert. rent	$700	$600
Time on Market	76.9 days	61.8 days
Gross Rental Yield Percent	2.42%	3.37%

Demographics (Median Values)*

Total Population 19828

Weekly Household Income 1200

Household Size 2.50

Average Age 33

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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