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’โฏs premium city views and north aspect are offset by the structure of a complex with 26โ33% rental occupancy, which tends to compress capital growth relative to lowerโdensity 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 shortโterm equity upsideโthis is best held as a longโterm home or stable rental, not a flip.
The combination of a northโfacing 10thโfloor position, inโbuilding 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 lowโmaintenance cityโfringe residence with strong amenity and school access. The 2018 sale at $982k highlights a price reset that current guidance reflectsโproceed with a focused building inspection and confirm strata levy history before negotiating.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
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.