Box Hill is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3128). With a population of 14,353, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $66K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Chinese, English, Australian.
The median house price in Box Hill is $1.7 million, having risen modestly 1.5% over the past year. Units have a median price of $588,000 (+0.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,950.
Box Hill is served by 4 schools, including 1 primary, 2 secondary, 1 combined. The average ICSEA score is 1125, which is well above the national average of 1,000. Public transport access includes 15 rail stations, 78 bus stops. Healthcare facilities include 1 public and 2 private hospitals. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Box Hill offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 25.9x is considered stretched. House prices have moved +1.5% year-on-year.
Box Hill is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3128). With a population of 14,353, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $66K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Chinese, English, Australian.
The median house price in Box Hill is $1.7 million, having risen modestly 1.5% over the past year. Units have a median price of $588,000 (+0.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,950.
Box Hill is served by 4 schools, including 1 primary, 2 secondary, 1 combined. The average ICSEA score is 1125, which is well above the national average of 1,000. Public transport access includes 15 rail stations, 78 bus stops. Healthcare facilities include 1 public and 2 private hospitals. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Box Hill offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 25.9x is considered stretched. House prices have moved +1.5% year-on-year.