property
26-Storey Tower Adds 420 Apartments to Box Hill by 2028
A 26-storey tower approved for Station Street will add 420 units to Box Hill's central stock starting in 2028.
How we reported this
Box Hill planning authorities approved the Station Street Tower on 7 July 2026, clearing the way for a 26-storey building with 420 apartments at the corner of Station Street and Whitehorse Road.
The decision arrives as Box Hill records its fifth straight quarter of rising apartment listings, with 187 new units marketed in the June period alone. Developers cite persistent demand from local workers tied to the Box Hill Institute and nearby medical precincts as the main driver behind the timing.
Impact on nearby streets and venues
The tower sits one block from the Box Hill Railway Station and directly across from the Box Hill Market, where traders have operated since 1896. Local agents expect foot traffic to increase along Whitehorse Road once construction begins in early 2027, particularly around the Box Hill Gardens Reserve where weekend markets already draw crowds.
Box Hill Traders Association president noted last week that similar projects completed in 2023 lifted weekday cafe turnover by 18 percent along Station Street. The new building includes 1,200 square metres of ground-floor retail, which the association expects will fill quickly given current vacancy rates below 4 percent in the same strip.
Price and supply data
Domain Group figures released 5 July show Box Hill's median apartment price reached $712,000 in the June quarter, up 6.4 percent from the same period last year. The Station Street Tower will deliver units priced from $485,000 for one-bedroom apartments, according to the developer's lodged plans.
That pricing sits 12 percent below the current median, a spread that local valuers say could moderate further gains if the full 420 units reach completion by late 2028. The project also includes 85 affordable units allocated through the Box Hill Housing Program, the first such requirement attached to a private tower in the suburb.
Prospective buyers should review the latest sales data from agents active on Whitehorse Road and confirm settlement timelines with the Box Hill planning office before committing to off-the-plan contracts.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.