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 15.27% for the past year.
Investors saw the median home price rise to $1,321,000.
Profits due to an upward trend in home prices in the suburb averaged 18.14% per annum over a 3-year period.
BOX HILL NORTH now ranks at the 491st 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 $460 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 56.7 days.
In 2016, 145 properties were sold in BOX HILL NORTH during the past year, making it the 574th most active market in VIC based on total real estate transactions.
BOX HILL NORTH ranks 162nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
BOX HILL NORTH, 3129 has a capital gain of 2.79% for the past year, which is lower than average compared to its 56.98% growth within a five-year period.
With the median home price in BOX HILL NORTH sitting at $810,000, and the average rent at $420, property owners could potentially earn a 2.7% increase in gross rental yield.
Property investors have seen a -2.17% drop in BOX HILL NORTH based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that BOX HILL NORTH, 3129 obtained a 7.49% growth over a ten-year period. It ranks 256th on our list of suburbs that property investors should look into.