Box Hill South vs Clarkefield
Property investment comparison - Box Hill South, VIC 3128 vs Clarkefield, VIC 3430
Head-to-head across core investment metrics: Box Hill South wins 3, Clarkefield wins 1. 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 | Box Hill South | Clarkefield |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | - | $940K |
| Gross rental yield (houses) | 2.42% | 2.11% |
| Gross rental yield (units) | 3.86% | 3.70% |
| 1-year house growth | -0.1%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.4% | 4.7% |
| Population | 8,491 | 303 |
Box Hill South vs Clarkefield: what the numbers say
The median house price is $1.5M in Box Hill South and $1.5M in Clarkefield, so Clarkefield is the cheaper entry point, with Box Hill South houses about 1% dearer.
On cash flow, Box Hill South leads: houses there return a gross rental yield of 2.42%, compared with 2.11% in Clarkefield, a gap of 0.31 percentage points.
Rental vacancy is 1.4% in Box Hill South and 4.7% in Clarkefield, so landlords in Box Hill South face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Box Hill South is the bigger suburb, with a population of 8,491 against 303, roughly 28 times the size of Clarkefield; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Box Hill South for rental income, Clarkefield for a lower purchase price, Box Hill South 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 South, VIC 3128
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