New Box Hill apartments
Here are a few things you should know about Box Hill:
- Box Hill is a major suburban centre of Melbourne nestled 14km east of Melbourne's CBD and approximately halfway between the CBD and metropolitan Melbourne's eastern edge.
- Box Hill is seeing major redevelopment occur in its commercial heart with many new residential and commercial buildings under construction and in the future pipeline.
- Box Hill will be the northern terminus of the first phase of the Suburban Rail Loop project when it opens in the 2030s.
Box Hill, as its name suggests, sits on a high point in Melbourne's east and is a major suburban employment and retail centre for eastern Melbourne.
Having been established for many decades, Box Hill has taken to building a highly concentrated group of apartment towers around its commercial heart, and there is much more to come.
New real estate almost exclusively takes the form of high-density in Box Hill with many modern apartment buildings having been built in recent years along with many to come in a large pipeline of projects.
While a studio apartment can still be purchased in Box Hill, the standard configuration is generally two bedrooms with two bathrooms, however, developers active in the area do offer a wide range of configurations.
Notable recently build projects in the area include Whitehorse Tower which has both hotel accommodation and apartments for sale.
There is a significant amount of amenities to help residents unwind after work or on weekends locally in Box Hill but surrounding suburbs like Mont Albert, Surrey Hills, Doncaster and Blackburn are also easily accessible.
Box Hill's location in eastern Melbourne makes it incredibly accessible to many other areas. Other major retail centres within easy reach include Doncaster, Chadstone, The Glen and Forest Hill Chase shopping centres.
Restaurants, cafes, bars, Box Hill has them all, along with the famous Carrington Road and its offering of some of Melbourne's best eateries from Asia.
Box Hill already has excellent public transport to and from the city and it also has one of the best local bus networks in the city but this will be taken to the next level when the Suburban Rail Loop opens.
Box Hill will likely attract developers building new units all over the suburb because such major public investment is flowing into the suburb.
The lack of greenfields land has resulted in many developers buying existing buildings and utilising local planning controls that encourage new blocks of units to be built.
We aim to make it easier for you to buy a new home or your next investment in Box Hill.
If you would like to refine your search for your new home or next investment, you can do so by using the filter fields at the top of this page.
If you are seeking a new property that has a specific number of bedrooms or bathrooms or if you would like to search for properties based on a specific budget, you can do so using the filter fields.
Registering your details using the form provided on any of the listings you see on this page will enable us to connect you with agents sooner.
When we connect you with an agent, remember to ask them for an up to date rent report/appraisal and ensure you obtain updated price guidance from them.
The process of buying an off the plan apartment unit in Box Hill
Buying off the plan is a highly individualised process, however there are some key milestones that we can outline.
Interested buyers will often need to first pay a refundable fee (generally $1000) to reserve a specific unit and again, generally speaking, that reservation will be active until such time as a contract for purchase is signed.
- If the buyer elects not to proceed, the reservation fee will be refunded.
- If the buyer elects to proceed with the purchase, broadly speaking, a contract will need to be signed and a 10% deposit (minus the reservation fee already paid) will need to be paid.
Contract signing and taking all the deposits is a key milestone for the developer as, broadly speaking, they will use them as collateral to secure financing for the construction of the new property.
When construction of the building has been completed, developers will generally contact you and set up a time to complete the settlement of the transaction.
Settlement is the process of exchanging any deeds and it is when you need to have your finances in order so your bank or another financial provider can then pay the developer for your new home.
