All About Box Hill, Whitehorse, VIC, 3128

Box Hill, situated in the City of Whitehorse, Victoria, is a vibrant suburb known for its diverse community and robust housing market. Over recent years, Box Hill has become an attractive hub for both investors and homebuyers, largely due to its strategic location, just 14 kilometers east of Melbourne's central business district. The housing market in Box Hill is characterized by a mix of high-rise apartments, traditional family homes, and newly developed townhouses. This variety caters to a wide range of buyers, from young professionals drawn to the convenience of apartment living, to families seeking spacious homes with gardens. The suburb has seen significant growth in property values, fueled by its appeal as an education and health precinct, with institutions like Box Hill Institute and Box Hill Hospital serving as major drawcards. This demand is further amplified by excellent transport links, including a major train station and numerous bus routes, providing easy access to Melbourne's CBD and surrounding areas.

Living in Box Hill offers residents a multicultural experience, with a rich tapestry of cultures contributing to the suburb's unique identity. The area is renowned for its bustling dining scene, featuring an array of Asian cuisine that attracts food enthusiasts from all over Melbourne. Box Hill Central Shopping Centre and its surrounding markets offer a plethora of shopping and dining options, creating a lively atmosphere that appeals to both locals and visitors. In addition to its culinary offerings, Box Hill is well-endowed with parks and recreational facilities, such as Box Hill Gardens and Aqualink Box Hill, providing ample opportunities for outdoor activities and community engagement. The educational landscape is robust, with numerous public and private schools catering to families. This combination of cultural diversity, accessibility, and a strong sense of community makes Box Hill a desirable place to live for a wide range of residents, contributing to its thriving and dynamic housing market.

Box Hill Real Estate Market Outlook

Thinking about buying in Box Hill? Now could not be a better time, with 13679 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,054,000 with prices in this suburb ranging from $113,000 to $17,964,000. The aproximate distance to the coast is 13 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Box Hill are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Box Hill classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Box Hill requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!