box hill south

3128, Victoria

Real Estate & Property Information

Median
Price Rank
87

box hill south Suburb Profile & Review

Box Hill South is a scenic historical suburb in Melbourne's east, less than half an hour from the city centre. There are no major shopping centres in the area, but residents can venture to nearby Centro Box Hill, the bustling heart of Box Hill's shopping district, for all of their shopping needs. Below its fast food stores, cafes, fashion outlets, supermarkets and department stores you will find Box Hill Station. Train services here run on the Belgrave and Lilydale lines. Closer to home, tram route 70 to Waterfront City terminates in Box Hill South's western boundary.

For sports players, there are many options: the Box Hill City Oval is a football and cricket stadium, and the Box Hill Athletic Club at Hagenauer's Reserve is one of Melbourne's foremost athletics organisations. Aqualink Box Hill boasts an indoor and outdoor pool, basketball courts, a gym, squash and tennis courts. The surrounding parklands include a baseball diamond, a football oval and cricket pitches.

For healthcare, there is Box Hill Hospital, soon to be redeveloped with some first-rate medical facilities. There are also many respected schools in and around Box Hill South, such as Roberts McCubbin Primary School. Hays International College offers students training in health care, aged care, hospitality and ESL. The Box Hill Institute of TAFE has three campuses in the area, offering long and short term adult education courses.

box hill south Demographic Data

$ 760,000 Median House Price

25 Minutes Average Commute

38 Median Age

7,699 Population

52.06 % Female

47.94 % Male

1929 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in box hill south, Victoria.

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box hill south Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

box hill south Median House Prices

  • 2008 $ 577,000
  • 2009 $ 580,000
  • 2010 $ 600,750
  • 2011 $ 797,500
  • 2012 $ 760,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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box hill south 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in box hill south have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term box hill south property price predictions.

box hill south Market Property Types

  • 75 % Seperate House
  • 17 % Semi Detached
  • 8 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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box hill south Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

box hill south Income & Mortgage Stats

  • $ 1,316 Median Weekly Household Income
  • $ 2,100 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in box hill south

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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box hill south Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

box hill south Sold Property Prices

box hill south Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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box hill south Cafes

  • Peta's Cafe164 Elgar Roadbox hill south VIC 312803 9808 0698
  • Liquid Cafe Lounge866 Canterbury Roadbox hill south VIC 312803 9899 5911

box hill south Schools

  • Roberts McCubbin Primary School57 Birdwood Streetbox hill south VIC 3128(03) 9890 2372State Primary School
  • Hays International College15 Hay Streetbox hill south VIC 3128(03) 9898 7222TAFE Education

box hill south Childcare

  • ABC Learning Centre974 Canterbury Roadbox hill south VIC 3128

box hill south Kindergarten and Preschools

  • Box Hill South PreschoolRotary Courtbox hill south VIC 3128

box hill south Sporting Centres and Clubs

  • Whitehorse Gymnastics Clubbox hill south VIC 3128
  • Box Hillbox hill south VIC 3128Golf Course
  • Box Hill Tennis Clubbox hill south VIC 3128Tennis Club & Courts

Find out How Much your House is Worth in box hill south

Request a free market Basic Report for box hill south to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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