Nestled amidst the picturesque landscapes of NSW, Box Hill has emerged as an enticing new location for families and investors seeking a harmonious blend of natural beauty and modern amenities. Located 42 km of Sydney’s CBD, Box Hill is attracting attention for its pristine surrounds and access to the city.
An evolving history
Deriving its name from the abundance of ‘box’ trees found in the area, Box Hill is part of the Dharug Country, and has undergone significant changes, evolving from its agricultural roots to become a vibrant suburban community. The construction of the North Western Railway Line in the early 20th century played a pivotal role in the development of the suburb, facilitating transportation and attracting new residents. Over the years, Box Hill has experienced steady growth, with the establishment of schools, shops, and community facilities that have contributed to its emerging reputation as a desirable place to live.
A thriving community
Research by The Hills Shire Council reveals modern Box Hill as a young and vibrant community, with a median age of 31 for its residents. More than half of local residents are couples with children (58.5%) and there are a significant number of young professional couples (22.8%). In fact, Box Hill boasts the highest percentage of young couples without children in The Hills Shire, suggesting it is the perfect place for those starting their lives together.
With a projected population increase to 10,723 by the end of 2023 and an anticipated surge to 30,197 residents by 2036, it is clear that Box Hill is a place that people want to call home.
A well-connected location
Providing great connection to the main areas of Sydney, part of Box Hill’s appeal is the ease of access with or without a car. With multiple bus routes, train stations, the Metro, and easy access to the M2 motorway, navigating daily commutes or activities can be seamless and stress-free.
Undergoing significant transformation, Box Hill is investing in the future with dynamic plans for growth and expansion, including a new town centre, retail and commercial centres, business parks and light industrial areas, as well as green spaces and sports fields.
Part of this transformation is the Box Hill Town Centre which will offer fresh retail, commercial, and community services, alongside transportation connections to Rouse Hill Metro Station and Riverstone Station. Further plans include additional retail and commercial centres at Box Hill Inn Village, Nelson Road Village, and Mt Carmel Village. Meanwhile, the nearby Rouse Hill Town Centre presents a wide range of diverse shopping and dining options.
In addition to these exciting developments, construction has already begun on Box Hill’s first sport and recreation reserve at Brindle Parkway which is due for completion mid-2024 and with five new sporting venues also planned, it is clear why Box Hill generates huge appeal for sport lovers and families. Six new reserves are also being planned to add to the three parks that currently exist in Box Hill – Ceres Way Reserve, Equinox Drive Reserve and Hannaford Avenue Reserve, so families can enjoy the playful recreational benefits of lush parklands and picnics in the sweeping green landscape.
Box Hill has also planned for employment opportunities in the area, with plans to develop more than 115 hectares of land into business parks and light industrial areas to provide a mix of opportunities, centred around the Windsor Road Business Park and the Annangrove Road Light Industrial Area.
Strong investor appeal
Given the demand for rental properties has surged significantly, investors are viewing the opportunity to invest in a growth area such as Box Hill very positively.
Based on data from realestate.com.au, Box Hill has witnessed a noteworthy 10.5% increase in median property prices over the past five years. Presently, the median sale price for houses stands at $1,260,000, a substantial rise from the $521,200 recorded back in 2017. Moreover, houses in this area boast a rental yield of 3.2%, with an average weekly rent of $700, guaranteeing a stable income stream and promising long-term returns on investment.
Given the continuous growth of the population, it is likely that property values will continue to increase, suggesting a strong ROI for investors.
Why is North Homes investing in Box Hill?
North Homes prides itself on selecting areas to develop estates that tick all the boxes for our customers and Box Hill Estate 2 is no exception. After the successful launch of Box Hill Estate 1 in 2022, which has sold out, Box Hill 2 is sure to be just as popular due to its excellent location, amenities, community and investor appeal.
Conveniently located within 5km of Tallawong and Rouse Hill Metro Station, our Box Hill Estate 2 features homes from our stunning Signature and Essence range of designs that add beauty to any streetscape. Find out more about the exciting developments in Box Hill and how you can become a part of this thriving community.
