VIC Registered Law Firm, LEAD Conveyancing

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Box Hill is a suburb of Melbourne in the state of Victoria. This suburb is situated in the City of Whitehorse local government area. Box Hill has a total land area of 3.5 km² and is only 14km from Melbourne. Box Hill has 12 parks. These parks cover about 12% of the total land area of the suburb. The population of this suburb is growing at a monumental rate. The property market is expanding in a like manner. As of 2011, the population of Box Hill was 9,671. By 2016, it had increased to 11,395, reflecting a 17.8% increase. 

Many of the residents of Box Hill are youths in the 20 – 29 years age range. Most of the households consist of childless couples. Albeit, it is not rare to find established couples and families. Most of the residents work in professional occupations and live in either rental or owned apartments. 

The median sale price of houses in Box Hill in the past 12 months is $1,600,000. For units, the median sale price is currently $520,000. These median sale prices are not constant and tend to change often. For example, in the last 1 year, units have experienced a median price change of 7.22%. Houses have, however, experienced a median price change of 3.48%. 

Rental properties are doing great in Box Hill. The median rent for houses is $450 per week. For units in this suburb, rent prices are $380 per week. So the Box Hill real-estate market shows a lot of promise for investors. 

• The median gross yield for rental houses in this suburb is 1.4%
• The median gross yield for rental units in the last 12 months is 3.8%
• The compound growth for houses in Box Hill stands at 3.6%

The sales of property in Box Hill is governed by law. You will need to engage the services of a conveyancer to complete the transaction for the purchase of real estate property in the suburb of Melbourne. Conveyancing is the transfer of ownership of real estate property from one person or entity to a new buyer. The entire process involves a lot of paperwork and can be overwhelming for the buyer. 

A conveyancing lawyer will assist you in researching the property. A conveyancing lawyer will also put the deposit money in a trust account and calculate the adjustment of rates and taxes. The best conveyancing services will also keep you updated with the current real-estate laws in the state of Victoria

The exchange of contracts always involves the signing of two copies of a contract of sale by both parties. During this period, your conveyancing lawyer will meet with the lawyer of the other party to ensure a smooth transaction. 

Deciding to engage in the settlement process by yourself in a bid to save money is risky. You are likely to take several months to complete it. There is also a possibility that you might not be able to navigate potential pitfalls. Altogether, you might end up making costly mistakes that can cost you the house. 

Paying the reasonable fees of a conveyancing lawyer will save you a lot of stress. An experienced conveyancer will use experience to avert mistakes and troubleshoot problems as they come up. The best conveyancing services will oversee the settlement process on your behalf. This will be done while protecting your best interest. LEAD Conveyancing Services have the right professionals to assist you.

Box Hill was established in the 1850s. It is a suburb of Melbourne and was first settled by Arundel Wright. As of 1871, Box Hill had a meager population of 154 people. The economy of this town was based solely on orchards, mixed farming, and vineyards. However, development soon came when a school was opened in 1887. More development ensued when Box Hill became the seat of the Nunawading Shire Council. This suburb soon became the perfect spot for landscape artists in the mid-1880s. They came from the surrounding suburbs to paint the Australian bush. 

Box Hill has experienced a construction boom in recent times. It is now comparatively easy to spot high-rise buildings in this suburb. Box Hill has a designated shopping area. This suburb of Melbourne is also home to many recreational services. 

Box Hill has a rather large Chinese community. In fact, about 65% of the population were born in foreign countries. Only 37% of people residing in Box Hill speak only the English language at home. Mandarin is the next most spoken language in this suburb. 

Suburbs surrounding Box Hill include:

• Mont Albert
• Box Hill North
• Surrey Hills
• Blackburn
• Doncaster
• Burwood

Box Hill is filled with a lot of young people, and this wouldn’t be if this town were devoid of interesting places and things to engage in. Box Hill is a multicultural suburb of Melbourne. It sports many educational training facilities and restaurants. There are also numerous local attractions for residents and visitors. Some of these local attractions include: 

Artists Park 

The beautiful surroundings of this park will leave you enthralled. Having a picnic in this park can be very soothing. You can choose to go to this park with the kids. There’s plenty of space for them to run around. If you are in search of a peaceful and safe place to relax and read a book, visit Artists Park. 

Box Hill Town Hall 

This town hall dates back to the 1930s. It is built in Neo-Grec style and is a spectacle to behold. This is a great venue for a function or an event. The Artspace Gallery will interest art enthusiasts. This Town Hall is one well-maintained building sitting proudly next to the main road and is worth visiting. 

Box Hill Gardens 

There’s a lot of things to at this urban garden. The Box Hill Gardens has two playgrounds and a duck pond. It also has basketball and netball courts. But, most importantly, these gardens are the best place to relax and enjoy life in Box Hill. 

Other places worth visiting include: 

• Box Hill Central
• Surrey Park
• Bushy Creek Parklands
• Firetail Birdwatching Tours
• The Box Hill Miniature Steam Railway