Box Hill South, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Box Hill South
VICCensus 2021 · Population 8,488
Box Hill South is a suburb with a population of 8,488, characterized by a median age of 39, slightly above the Victorian average of 38. The suburb has a balanced gender distribution with 47.5% males and 52.5% females. It is a family-oriented area, with 51.5% of households being couples with children, which is higher than the Victorian average. The education level is notably high, with 45.2% of residents holding a bachelor's degree or higher, compared to the state average of 29.2%. The cultural diversity is significant, with 43% of the population born overseas, notably higher than the Victorian average of 35%.
Key Highlights
- Highly educated population - 45.2% hold bachelor degrees (vs VIC 29.2%)
- Above average median household income - $1,928 weekly (vs VIC $1,759)
- Significant cultural diversity - 43% born overseas (vs VIC 35%)
- High work-from-home rate - 35% (vs VIC 25.7%)
- Mixed housing options with 66.1% separate houses and 22.6% townhouses
Things to Consider
- Unemployment rate slightly above state average at 5.7% (vs VIC 5.0%)
- Median monthly mortgage of $2,400 may be challenging for some buyers
- Lower percentage of separate houses compared to VIC average (66.1% vs 73.4%)
- Rented properties make up 27.3%, close to the state average
- High percentage of professionals may indicate competitive job market
What's it like living here?
Residents of Box Hill South experience a suburban lifestyle with a mix of housing types, including 66.1% separate houses and 22.6% townhouses. The area has a strong community feel, with many family households and a significant number of single-person households at 25.5%. Commuting patterns show that 40.1% of residents drive to work, while 35% work from home, which is higher than the Victorian average of 25.7%.