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1 MIN READ20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
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Box Hill SouthBox Hill South - SUBURB PROFILE REPORT
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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 $1,239,000.
The downward trend in home prices in BOX HILL SOUTH, 3128 averaged -4.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $455 mark, reflecting a 1.91% increase in returns based on the current median price in BOX HILL SOUTH.
An average of 6 real estate transactions take place per month in BOX HILL SOUTH which translates to 72 per annum.
72 properties were sold in BOX HILL SOUTH in 2016, making it the 101st most active market in VIC based on total real estate transactions.
BOX HILL SOUTH, 3128 places 586th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,239,000 | $833,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.69% | 0.36% |
| Median 12 month | -1.04% | 1.43% |
| Median 3 years | -12.1% | 11.81% |
| Median 5 years | 7.48% | 8.75% |
| 10 years average annual | 4.92% | 4.93% |
| Weekly media advert. rent | $455 | $422.5 |
| Time on Market | 45.0 days | 50.0 days |
| Gross Rental Yield Percent | 1.91% | 2.64% |
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