BOX HILL NORTH, 3129 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling BOX HILL NORTH, 3129 values up and netting property investors a capital gain of 19.53% for the past year.
Investors saw the median home price rise to $1,285,000.
Profits due to an upward trend in home prices in the suburb averaged 18.94% per annum over a 3-year period.
BOX HILL NORTH now ranks at the 300th 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 NORTH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BOX HILL NORTH, homes and units usually stay on listing for an average of 76.3 days.
In 2016, 154 properties were sold in BOX HILL NORTH during the past year, making it the 548th most active market in VIC based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||19.53%||12.59%|
|Median 3 years||56.82%||41.73%|
|Median 5 years||100%||64.29%|
|10 years average annual||9.62%||9.04%|
|Weekly media advert. rent||$450||$395|
|Time on Market||76.3 days||71.5 days|
|Gross Rental Yield Percent||1.82%||2.55%|