OA Logo Green
search icon

Get a property report and suburb profile for any property in Box Hill

Join the 2.6 million Australians* who use our services every year.

Geo Page

Box Hill suburb profile

Box Hill is an inner-eastern Melbourne suburb centred on a bustling town centre and transport interchange, with the train station and tram along Whitehorse Road shaping its rhythm. The area has a distinctly multicultural feel, visible in a lively dining strip and specialist shops that draw people from across the east. Housing ranges from tree-lined streets of period family homes to medium-density apartment living clustered around the station, so you find long-term residents alongside young professionals and students. Everyday life here is practical and urban, with a major shopping precinct, local parks and sporting facilities, and reliable public transport linking to the wider city.

Box Hill property market performance

Current median dwelling price$862,500Past 3 months

Property growth-12.5%Past 12 months

The median house price is $1.27 million, with house values down sharply, falling 10.6% over the last 12 months. The median unit price is $455,000 and unit values fell sharply, down 14.4% over the same period, a faster fall than houses.

Over the last 3 months, 19 houses and 91 units were sold. Houses sold in a median of 58 days and units in 56 days, so they sold in a similar time.

The rental market in Box Hill saw house rents average $700 a week, up a solid 7.7% over the last 12 months, while unit rents averaged $620 a week, up a modest 3.3% over the same period. House rents grew faster than unit rents.

HousesUnits
Median price
Past 3 months
$1.27M$455K
Change in value
Past 12 months
-10.6%-14.4%
Sold
Past 3 months
1991
Median days on market
Past 12 months
5856
Average rent
Past 12 months
$700$620
Change in rent
Past 12 months
7.7%3.3%

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Box Hill demographics

Box Hill is home to 14,353 people, with a median age of 33 and a median total household income of $1,267 a week, roughly $65,884 a year.

Family life is dominated by couples: there are 1,659 couple families without children (48.5%) and 1,074 couple families with children (31.4%), so together couple families make up about four in five families (79.9%). One-parent families total 558 (16.3%) and other families 133 (3.9%).

Homes in Box Hill are mostly rented: 3,452 households (60.7%) are rented, while 1,184 (20.8%) are owned outright and 1,049 (18.5%) are owned with a mortgage, giving a combined owner-occupied share of 39.3%.

Suburbs near Box Hill

Some popular suburbs near Box Hill include:

  • Box Hill South: Tree-lined streets and established homes with several local parks.
  • Mont Albert: Village atmosphere with older, well-kept homes and leafy avenues.
  • Box Hill North: Predominantly residential streets, pockets of reserve and convenient local shops.
  • Mont Albert North: Quiet, family-friendly neighbourhood with small parks and mature trees.
  • Surrey Hills: Character-filled streets, period-era homes and boutique shopping along a charming high street.

How does Box Hill compare to nearby suburbs?

  • Median house prices: Box Hill’s median house price is 11.0% lower than Mont Albert’s.
  • Median unit prices: Box Hill’s median unit price is 45.5% lower than Surrey Hills’s.
  • House price growth: Property prices in nearby Box Hill South have risen 7.6% more than in Box Hill over the past year.
  • Unit price growth: Property prices in nearby Box Hill South have risen 31.9% more than in Box Hill over the past year.
  • Selling speed for houses: Properties in nearby Box Hill South are selling 13.8% faster than in Box Hill.
  • Selling speed for units: Properties in Box Hill are selling 3.4% faster than in Box Hill North.
  • Investment considerations: In Box Hill, the rental yield for house is 10.4% higher than the Melbourne average, while the rental yield for units is 5.1% higher.
  • House price growth: Over the past 12 months, house prices in Box Hill have grown 23.9% higher than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Box Hill have grown 14.8% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Box Hill

There are 215 real estate agents in Box Hill, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 16.9% of all sales in the past year.

Commission rates in Box Hill typically range from 1.71% to 2.57%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

Geo Page

Get a head start and compare top local agents in Box Hill

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
Get a free property reporticon right chevron
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
Get a comparative estimateicon right chevron
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.
Understand your local marketicon right chevron