Box Hill snapshot
- Median price: $1,291,000
- Median weekly rent: $841/wk
- Population: 10,287
- Days on market: 60 days
How Box Hill stacks up
- Rental Yield: Moderate
- Capital Growth: Soft
- Vacancy: Average
About Box Hill
Box Hill, located in New South Wales, presents an intriguing opportunity for property investors. With a median price of $1,291,000, the suburb is home to a population of over 10,000 residents, indicating a stable community that can support demand for rental properties. The typical days on market for listings is around 60 days, suggesting a reasonable turnover for properties in the area.
While the capital growth band is currently soft, investors may find potential in the moderate rental yield band and average rental vacancy rates. The median weekly rent stands at $841, which could provide a steady income stream for landlords. Overall, Box Hill offers a blend of community living and investment potential that could be appealing for those looking to enter the property market in this region.
Frequently asked questions
What is the median property price in Box Hill?
The median property price in Box Hill is $1,291,000.
How much can I expect to earn in rent?
The median weekly rent in Box Hill is $841.
What is the population of Box Hill?
Box Hill has a population of 10,287.
How long do properties typically stay on the market?
Properties in Box Hill typically stay on the market for around 60 days.
What is the current rental vacancy situation?
The rental vacancy in Box Hill is considered average.