Located in Victoria within the Whitehorse local government area, Box Hill is a well-established suburb (postcode 3128). With a population of 14,353, the suburb has a blend of families and working-age professionals with a median age of 33. Households earn a median income of $66K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are Chinese, English, Australian.
Median house prices in Box Hill stand at $1.7 million, having risen modestly by 1.5% over the last twelve months. Units have a median price of $520,000 (-11.6% YoY). The current median weekly rent is $610. This gives a gross rental yield of approximately 1.9%. 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.
On the investment side, Gross rental yield sits at around 1.9% (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. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.