Box Hill North, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Box Hill North
VICCensus 2021 · Population 12,335
Box Hill North is a suburb with a population of 12,335, characterized by a median age of 37, slightly younger than the Victorian average of 38. It has a balanced gender distribution with 49.1% male and 50.9% female residents. The suburb is home to a diverse community, with 50.3% of residents born overseas, compared to the Victorian average of 35.0%. The area has a strong family presence, with 71.2% of households being family households, and 48.5% of families having children. The suburb's housing market is mixed, with 33.9% of properties owned outright, 29.6% owned with a mortgage, and 33.4% rented.
Key Highlights
- Highly educated population - 41.9% hold bachelor degrees or higher (vs VIC 29.2%)
- Above average median household income - $1,820 weekly (vs VIC $1,759)
- Diverse community with 50.3% born overseas
- High proportion of professionals - 33.6% of workforce
- Significant work-from-home culture - 31.9% (vs VIC 25.7%)
Things to Consider
- Unemployment rate slightly higher than VIC average - 5.5% (vs 5.0%)
- Lower percentage of separate houses - 61.6% (vs VIC 73.4%)
- Higher rental market presence - 33.4% rented (vs VIC 28.5%)
- Median monthly mortgage of $2,297 may be challenging for some buyers
- Lower percentage of English-only speakers at home - 48.6%
What's it like living here?
Daily life in Box Hill North offers a blend of convenience and community. With 41.4% of residents driving to work and 31.9% working from home, the suburb supports a flexible work-life balance. Public transport usage is relatively low at 6.9%, indicating a preference for private vehicle use. The suburb's cultural diversity is reflected in its vibrant community life, with a variety of languages spoken at home, including Mandarin and Cantonese.