Box Hill, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Box Hill
VICCensus 2021 · Population 14,354
Box Hill is a vibrant suburb with a population of 14,354, characterized by a relatively young median age of 33, compared to the Victorian average of 38. The suburb has a diverse cultural composition, with 31.7% of residents born in Australia and a significant 29.5% originating from China. The area is known for its high percentage of renters, with 57.9% of households renting, compared to the Victorian average of 28.5%. Housing in Box Hill is predominantly apartments, making up 53.1% of the housing stock, which is significantly higher than the Victorian average of 73.4% for separate houses.
Key Highlights
- Highly educated population - 39.9% hold bachelor degrees (vs VIC 29.2%)
- Diverse cultural community - 29.5% born in China
- Renter-heavy suburb - 57.9% of households rent (vs VIC 28.5%)
- Young median age of 33 years (vs VIC 38 years)
- High percentage of professionals - 30.1% of workforce
Things to Consider
- Higher unemployment rate at 7.8% (vs VIC 5.0%)
- Lower median household income at $1,267 weekly (vs VIC $1,759)
- Predominantly apartment living may not suit all families
- High rental market may limit home ownership opportunities
- Cultural diversity may require language adaptation for some
What's it like living here?
Daily life in Box Hill is characterized by a mix of urban conveniences and cultural diversity. The suburb has a strong public transport presence, with 14.1% of residents using it for commuting, and a notable 26.5% working from home, slightly above the Victorian average. The community feel is enriched by a variety of cultural backgrounds, with Mandarin being the most spoken language at home by 33.9% of the population.