11/02/2026
Good news for many homeowners (though not those still looking to buy) in Melbourne: house prices in some areas rose more than 25 per cent in 2025. According to the latest Domain House Price Report, the median house price across the city rose 6.2 per cent from September 2024 to September 2025.
Domain’s chief of research and economics, Dr Nicola Powell, said interest rate cuts and government support for first-home buyers – mainly the 5% Deposit Scheme – are behind Melbourne’s house price jump, helping to create a sense of urgency among buyers.
Box Hill, 14 kilometres east of the CBD, had a higher median house price of $1.6 million, and a lower annual change of 20.7 per cent. The area’s known for its authentic Asian food scene, Box Hill Central shopping complex and art gallery Whitehorse Artspace.
Why Box Hill Is Outperforming the Market
Growth like this doesn’t happen by chance. It’s driven by powerful fundamentals:
1. A Thriving Metropolitan Hub
Box Hill is no longer just a suburb — it’s a designated Metropolitan Activity Centre. With major infrastructure investment, commercial expansion, and high-density development, it has become Melbourne’s true eastern CBD.
2. Unmatched Connectivity
Direct train line to Melbourne CBD
Major tram routes
Eastern Freeway access
Upcoming Suburban Rail Loop (SRL) transforming long-term connectivity
Transport convenience continues to fuel demand from professionals and families alike.
3. Education & Healthcare Powerhouse
Box Hill is home to:
Box Hill High School (one of Victoria’s top-ranked public schools)
Deakin University (Burwood campus nearby)
Box Hill Institute
Box Hill Hospital
Education and healthcare precincts create consistent rental demand and long-term capital growth resilience.
4. Lifestyle That Rivals the Inner City
World-class Asian dining. Bustling fresh food markets. Premium retail at Box Hill Central.
Tree-lined streets. Parks. Cafés. A vibrant multicultural energy.
Box Hill delivers the convenience of city living — without the CBD price tag.
At Wembley Hill, our townhome collection places you at the centre of it all.
Source: https://www.timeout.com/melbourne/news/revealed-melbournes-10-highest-growth-suburbs-some-may-surprise-you-012926
