Box Hill is Melbourne’s eastern activity centre, delivering above-average yields for the inner-east driven by Deakin Medical School, Box Hill Hospital, Box Hill Central redevelopment and a large international student population. Units and student apartments significantly outperform houses for yield.
Box Hill Rental Yield by Property Type
| Property Type | Median Price | Median Weekly Rent | Gross Yield | Net Yield (est.) |
|---|---|---|---|---|
| House (3-4BR) | $1.65M | $840/week | 2.6% | 1.9% |
| Townhouse (3BR) | $1.08M | $650/week | 3.1% | 2.4% |
| Unit (2BR) | $620k | $520/week | 4.4% | 3.4% |
| Apartment (1BR) | $420k | $375/week | 4.6% | 3.5% |
| Student apartment | $310k | $315/week | 5.3% | 3.9% |
What Drives Demand in Box Hill?
- Deakin Medical School at Box Hill Hospital — healthcare professional tenant demand
- Box Hill TAFE and Whitehorse English College — large international student population
- Box Hill Central Stage 2 redevelopment — new retail, residential and commercial precinct
- Metro Ringwood line provides direct tram and train access to CBD
Access off-market investment properties in Box Hill: collings.com.au/portal
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