Since Nan Bought

Eastern Melbourne · Victoria

What's changed in Box Hill since Nan bought

In 1955 a typical Box Hill house was about $10,500, or 6.2 years of an average wage. In 2026 it is about $1.6M, or 16 years. Here is the decade-by-decade version, what was standing when, and what her block does now.

Price, 1955 → 2026
$10,500 → $1.6M
Years of wages
6.2 → 16
Rebuilt or infill today
45% of homes

Modelled, not measured. Prices are the Melbourne median house price of the day (rounded, dollars of the day) scaled to where Box Hill sits against the city median in 2026, blended toward the median for earlier decades because suburbs move up and down the ladder. Wages are national average full-time earnings. Treat every figure as "about". For actual sales history, ask an agent or the state valuer.

The decades

1955
$10,500≈ 6.2 yrs of wages ($1,700/yr)

Commission homes on the fringe; weatherboards and brick closer in.

Of today's houses, standing by 1955
30%
1965
$16,000≈ 5.7 yrs of wages ($2,800/yr)

Triple-fronted cream brick, timber floors on stumps.

Of today's houses, standing by 1965
43%
1975
$48,500≈ 6.1 yrs of wages ($8,000/yr)

Brown brick project homes, ducted gas, a family room.

Of today's houses, standing by 1975
55%
1985
$120,000≈ 6 yrs of wages ($20,000/yr)

The ensuite arrives. Rumpus rooms and pergolas.

Of today's houses, standing by 1985
55%
1995
$220,000≈ 6.5 yrs of wages ($34,000/yr)

Four-two-two under one roof. Federation-revival gables.

Of today's houses, standing by 1995
55%
2005
$560,000≈ 10.2 yrs of wages ($55,000/yr)

Biggest houses in the world. Alfresco and theatre room.

Of today's houses, standing by 2005
64%
2015
$1.1M≈ 14.1 yrs of wages ($78,000/yr)

Dual occupancies everywhere. Black frames and butler's pantries.

Of today's houses, standing by 2015
81%
2026
$1.6M≈ 16 yrs of wages ($100,000/yr)

7-star, no new gas, townhouse pairs. Or a rebuild on Nan's.

Of today's houses, standing by 2026
100%

Includes ~45% infill that replaced an earlier house.

What's been knocked down

Rebuild pressure in Box Hill is high. Two or three homes replacing one on many streets. Original houses are becoming the minority and land value drives everything. Towers around the station, townhouses in the residential streets, and the 1930s-60s homes disappearing between them.

Locals know: The Box Hill Metropolitan Activity Centre zoning allows heights that would be unthinkable three streets away.

What Nan's block does today

A typical Box Hill block is 600-800m², plus apartment towers. Three realistic paths in 2026.

Dual occupancy under ResCode

Blocks of 600-800m², plus apartment towers in Box Hill commonly support two dwellings, subject to overlays. Two townhouses typically $650K-$900K each to build, plus a 6-12 month permit.

Read the guide

Knock it down, build one

One 230-280m² family home on the full block, $650K-$1.2M depending on builder tier and suburb.

Read the guide

Keep it and fix it

Restump, rewire, roof and a bathroom: $70K-$140K to bring an old Melbourne house up to modern comfort.

Read the guide

Questions about Box Hill

How much did a house in Box Hill cost in the 1960s?+

Modelled on the Melbourne median of the day and Box Hill's current position relative to the city, a typical Box Hill house was around $16,000 in 1965, or about 5.7 years of an average full-time wage. In 2026 it is around $1.6M, or about 16 years of wages. These are indicative figures, not sales records.

How much of Box Hill has been knocked down and rebuilt?+

Roughly 45% of today's homes in Box Hill are infill: townhouses, courtyard homes or rebuilds that replaced an earlier house. Rebuild pressure is high: Two or three homes replacing one on many streets. Original houses are becoming the minority and land value drives everything.

What was Box Hill like when it was built?+

The largest share of Box Hill (45%) is infill townhouses and rebuilds (2000s-2020s). Dual occupancies and townhouse rows replacing 1950s-60s veneers under ResCode, plus single-block knockdown rebuilds.

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