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Box Hill South, VIC 3128
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,510,000
market range $1.4M-$1.6M
Median Unit
$575,000
list-price estimate
Gross Yield (houses)
2.4%
1yr Growth (houses)
-0.1%
market range -7.5% to +5.0%
Investment snapshot for Box Hill South
Box Hill South has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Box Hill South market and investor summary
In Box Hill South, VIC 3128, the median house sells for around $1.5M, on a gross rental yield of 2.4% for houses. House prices have moved -0.1% over the past year. At 1.4% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Box Hill South: people, income and schools
About 8,491 people live in Box Hill South, and the area has been growing steadily, up about 13% over five years. At a median age of 39, it reads as broadly working-age, and families account for 70% of households.
The typical household income runs to around $100,000 a year (about $1,930 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 15.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 38% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 73 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Box Hill South sits about 14 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 62 for walkability and 88 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 8,491
- +13% over 5yr
- Median age
- 39 years
- Median household income
- $100,000/yr
- Households renting
- 27%
- Family households
- 70%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 73
- avg ICSEA 1154
- Unemployment
- 5.6%
- Distance to CBD
- 14 km
- Walk score
- 62/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Box Hill South
View all →Frequently asked questions about Box Hill South
What should I check before investing in Box Hill South?
Box Hill South has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Box Hill South?
The median property price in Box Hill South, VIC 3128 is $1.5M for houses.
What rental yield does Box Hill South show?
The gross rental yield in Box Hill South is 2.4% for houses and 3.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Box Hill South?
House prices in Box Hill South are down 0.1% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Box Hill South?
The current vacancy rate in Box Hill South is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Box Hill South?
Box Hill South has a population of approximately 8,491 residents, with a median age of 39.
What schools are near Box Hill South?
There are 73 schools within roughly 5km of Box Hill South. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Box Hill South affordable to buy in?
A median house in Box Hill South costs about 15.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Box Hill South's population growing?
The population of Box Hill South has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Box Hill South from the CBD?
Box Hill South is about 14 km from the CBD.
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