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First-Time Buyers Navigate Box Hill's New Housing Developments

The approved Box Hill Central North Masterplan and related projects are set to reshape local options for entry-level purchasers.

By Box Hill Property Desk · Published 25 July 2026

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The Victorian government has approved the $1.57 billion Box Hill Central North Masterplan, which will deliver 1,700 new homes across seven high-rise towers ranging from 19 to 50 storeys near the future Suburban Rail Loop station.

Understanding the Masterplan Supply

This scale of new housing directly affects first-time buyers seeking properties in established precincts. The plan includes a 10% affordable housing contribution, creating a mix of market and subsidised dwellings that could influence entry prices and availability over the coming years.

Factoring in the Separate Social Housing Project

A $25 million social housing project led by HousingFirst and MAB Corporation will add 73 affordable homes targeted at older persons and people with disability, together with 160 privately owned units. The development repurposes an underutilised council car park, providing another layer of housing stock that buyers should monitor when comparing options.

Accounting for Construction and Connectivity

Residents already report pressures from ongoing works, including road closures, dust and noise linked to the Suburban Rail Loop East, North-East Link and new towers, plus compulsory acquisition of hundreds of homes and businesses. Tunnelling for the underground Box Hill station is scheduled to begin in 2026, with trains expected by 2035, which may affect short-term access during the purchase and settlement process.

Practical Steps for First-Time Buyers

Review the masterplan documents and project timelines through official channels before committing. Consider how the mix of private towers and the HousingFirst-MAB development could shape neighbourhood character and future resale prospects. Track updates on the Suburban Rail Loop station location to assess transport benefits against current disruption levels.

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.