Box Hill South

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 $1,006,500.

Average median unit prices in VIC have risen as a whole, pulling BOX HILL SOUTH, 3128 values up and netting property investors a capital gain of 21.27% for the past year.

Investors saw the median home price rise to $1,006,500.

The upward trend in home prices in BOX HILL SOUTH, 3128 averaged 11.4% per annum over a 3-year period.

BOX HILL SOUTH now ranks at the 27th 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 high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $425 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 80.2 days.

64 properties were sold in BOX HILL SOUTH in 2016, making it the 71st most active market in VIC based on total real estate transactions.