Victoria Breaks Residential Property Price Records
According to the Real Estate Institute of Victoria's (REIV) September quarter report, Victoria's residential median prop...
The suburb’s capital gain of 3.85% for the past year is lower than average compared to its 24.62% growth within a five-year period.
Also in BOX HILL, the median home price is sitting at $1,620,000, and the average rent at $450, this suggests property owners could potentially earn a 1.44% increase in gross rental yield.
Property investors have seen a 5.68% gain in BOX HILL based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.61% growth over a ten-year period. It ranks 968th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.85%||13.54%|
|Median 3 years||-4.71%||13.54%|
|Median 5 years||24.62%||15.34%|
|10 years average annual||7.61%||2.57%|
|Weekly media advert. rent||$450||$375|
|Time on Market||81.0 days||77.5 days|
|Gross Rental Yield Percent||1.44%||3.58%|