Box Hill North

POSTAL CODE: VIC, 3129
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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 5.34% for the past year.

Investors saw the median home price rise to $1,400,000.

Profits due to an upward trend in home prices in the suburb averaged 1.57% per annum over a 3-year period.

BOX HILL NORTH now ranks at the 472nd 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 $650 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 56.9 days.

In 2016, 149 properties were sold in BOX HILL NORTH during the past year, making it the 582nd most active market in VIC based on total real estate transactions.

Surburb overview

Box Hill North is a suburb located approximately 14 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has a population of 12,337 residents.

The suburb is characterised by its leafy, family-friendly environment. It features tree-lined streets and a mix of vintage and modern homes. This peaceful atmosphere makes it a sought-after location for those desiring a tranquil green community.

Box Hill North offers several shopping areas, including:
- The corner of Station Street and Woodhouse Grove
- The corner of Elgar Road and Woodhouse Grove
- The corner of Middleborough Road and Springfield Road
- Trawool Street, between Dorking Road and Tynong Street
- Second Avenue, between Toogoods Rise and Cherry Orchard Rise

Residents can visit Box Hill Central, Westfield Doncaster, and North Blackburn Shopping Centre for more extensive shopping options.

The suburb is well-served by public transportation, with bus routes operating along major roads such as Elgar Road, Station Street, Dorking Road, and Middleborough Road. The nearest train station is Box Hill, located on the Belgrave and Lilydale lines, providing convenient access to Melbourne and surrounding areas.

Recreational activities in Box Hill North are diverse, with 14 parks covering nearly 9.4% of the suburb's total area. These green spaces offer residents opportunities for outdoor activities and community events.

The median property price for a house in Box Hill North is approximately $1,338,500, with an annual capital growth of 0.45%. Rental yields for houses are currently around 2.43%, with a median weekly rent of $650.

Box Hill North provides a harmonious blend of residential living, essential services, and recreational opportunities, making it an attractive suburb for families and individuals seeking a balanced lifestyle.

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