Box Hill

POSTAL CODE: VIC, 3128
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BOX HILL ranks 129th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -3.14% for the past year is lower than average compared to its 5.71% growth within a five-year period.

Also in BOX HILL, the median home price is sitting at $1,480,000, and the average rent at $700, this suggests property owners could potentially earn a 2.46% increase in gross rental yield.

Property investors have seen a -2.57% drop in BOX HILL based on a decrease 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 3.01% growth over a ten-year period. It ranks 3261st on our list of suburbs that property investors should look into.

Surburb overview

Box Hill is a vibrant suburb located approximately 14 kilometres east of Melbourne's Central Business District. As of the 2021 Census, it has a population of 14,353 residents, with a median age of 33.

The suburb is renowned for its cultural diversity, particularly its strong Asian influence, reflected in the numerous authentic restaurants and shops along Station Street and Whitehorse Road.

Box Hill is a significant transport hub featuring a well-integrated public transportation system. The Box Hill railway station, situated beneath Box Hill Central Shopping Centre, operates on the Belgrave and Lilydale lines, providing residents convenient access to Melbourne and surrounding areas. Multiple bus routes and tram services enhance connectivity within the suburb and neighbouring districts.

The suburb offers essential establishments, including healthcare facilities, educational institutions, and shopping centres. Box Hill Hospital and Epworth Eastern Hospital cater to medical needs, while educational options range from primary schools to tertiary institutions. Box Hill Central Shopping Centre is a retail and dining hub featuring many stores and eateries.

Recreational activities in Box Hill are diverse, with numerous parks and green spaces available for residents. The suburb boasts 18 parks, covering nearly 14.2% of its area, providing ample outdoor activities and community events opportunities.

The median property price for a house in Box Hill is approximately $1,650,000, with an annual capital growth of -1.79%. Rental yields for houses are currently around 2.22%, with a median weekly rent of $590.

Box Hill offers a dynamic blend of cultural richness, modern amenities, and convenient transportation options, making it an attractive location for diverse residents.

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