1008/545 Station Street, Box Hill VIC 3128

1008/545 Station Street, Box Hill VIC 3128
City skyline exposure | 26% rental stock complex | high amenity but 5% yield cap | walkable to Box Hill Central This apartment’โ€ฏs premium city views and north aspect are offset by the structure of a complex with 26โ€‘33% rental occupancy, which tends to compress capital growth relative to lowerโ€‘density peers. The $930/week rental estimate implies a gross yield near 6%, reasonable for the area, but the estimated value range of $770kโ€“$850k suggests limited shortโ€‘term equity upsideโ€”this is best held as a longโ€‘term home or stable rental, not a flip. The combination of a northโ€‘facing 10thโ€‘floor position, inโ€‘building pool and gym, and catchment for Laburnum Primary and Box Hill High is rare for a unit under 100mยฒ in this price band. It suits a buyer seeking a lowโ€‘maintenance cityโ€‘fringe residence with strong amenity and school access. The 2018 sale at $982k highlights a price reset that current guidance reflectsโ€”proceed with a focused building inspection and confirm strata levy history before negotiating.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Box Hill is a high-density, professionally-oriented suburb with a youthful demographic, where apartment living dominates the housing stock. Demand is driven by a significant rental population and professionals, supported by strong unit rental yields. The market is currently divergent, with house prices showing resilience amid softer conditions, while the unit segment has experienced notable price corrections, indicating potential oversupply. Future growth hinges on the suburb’s appeal to its core demographic, though affordability for houses remains a constraint and the apartment market’s sensitivity to supply presents a key risk.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

2596mยฒ

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