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Box Hill North
AREA REPORTS

Box Hill North

Box Hill North - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3129

house
unit

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 9.79% for the past year.

Investors saw the median home price rise to $1,323,000.

Profits due to an upward trend in home prices in the suburb averaged 6.31% per annum over a 3-year period.

BOX HILL NORTH now ranks at the 649th 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 $470 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 68.8 days.

In 2016, 147 properties were sold in BOX HILL NORTH during the past year, making it the 616th most active market in VIC based on total real estate transactions.

Data report can be found below

Box Hill North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,323,000 $835,000
GROWTH REPORT
Median Quarterly 0.99% 4.05%
Median 12 month 9.79% -1.88%
Median 3 years 18.92% 20.84%
Median 5 years 17.08% 16.78%
10 years average annual 7.48% 5.55%
Weekly media advert. rent $470 $430
Time on Market 68.8 days 66.0 days
Gross Rental Yield Percent 1.85% 2.68%
demographics (median values)*
Total Population
17376
Weekly Household Income
1541
Household Size
2.70
Age
38
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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