Melbourne's increasing urban population, a low level of rental vacancy and a quality of life that consistently rates as one of the best in the world, has created outstanding performance in the residential investment property market.
Strong population growth and a shortage in available property should see pressure on the rental market resulting in higher rental prices. Despite recent fluctuations in the market, apartment values in Box Hill continue to rise. Now is the time to buy.
Close proximity to prestigious schools and universities, shopping, arts and culture, parks and transport make One Box Hill a rare opportunity for both residents and investors to secure an apartment designed by award winning architects, in a great location for an affordable price.
- Outstanding stamp duty savings apply
- Long term unit price trend: 6.14%1
- Desirable lifestyle area: 32% of the population aged between 20 and 391
- Analysis of individual income levels in City of Whitehorse in 2006 compared to Melbourne SD shows that there was a larger proportion of persons earning a high income (those earning $1,000 per week or more)2
1 http://www.investsmart.com.au/property-research/VIC/3128/Box-Hill.asp
2 http://profile.id.com.au/Default.aspx?id=123&pg=124&gid=10&type=enum
