Balnarring vs Box Hill North
Property investment comparison - Balnarring, VIC 3926 vs Box Hill North, VIC 3129
Head-to-head across core investment metrics: Balnarring wins 1, Box Hill North wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Balnarring | Box Hill North |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | - | $845K |
| Gross rental yield (houses) | 2.96% | - |
| Gross rental yield (units) | 3.32% | 4.16% |
| 1-year house growth | -3.6%estimate | +2.0% |
| 3-year house growth | - | - |
| Vacancy rate | 1.7% | 1.8% |
| Population | 2,371 | 12,337 |
Balnarring vs Box Hill North: what the numbers say
The median house price is $1.4M in Balnarring and $1.4M in Box Hill North, so Box Hill North is the cheaper entry point.
Over the past year house prices moved -3.6% in Balnarring (an estimate) and +2.0% in Box Hill North, so recent momentum favours Box Hill North, while Balnarring went backwards.
Rental vacancy is 1.7% in Balnarring and 1.8% in Box Hill North, so landlords in Balnarring face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Box Hill North is the bigger suburb, with a population of 12,337 against 2,371, roughly 5 times the size of Balnarring; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Box Hill North for a lower purchase price, Box Hill North for recent price momentum, Balnarring for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Box Hill North, VIC 3129
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