Suburb Profile Report for Hoppers Crossing VIC (3029)

Hoppers Crossing House: Median price $475,000, Annual capital growth 7.74%, Number of sales 655, Weekly median advertised rent $340

Hoppers Crossing Unit: Median price $336,250, Annual capital growth 5.84%, Number of sales 77, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Hoppers Crossing has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.25%

Hoppers Crossing,3029 has offered an average of 20.25% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hoppers Crossing, 3029. Typically our figures indicate that -3.98% is being offered, which puts this VIC suburb at 2972th most discounted overall in Australia.

In the last year 655 properties changed hands in Hoppers Crossing, which puts it as the 9th most active market in VIC when comparing the number of sales per suburb.

With a capital gain of 13.98% for the last 12 months, Hoppers Crossing, 3029 has performed for property investments than its average annual 5.84% property growth over the last 5 years.

Hoppers Crossing,3029 has offered an average of 13.98% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hoppers Crossing, 3029. Typically our figures indicate that -4.10% is being offered, which puts this VIC suburb at 966th most discounted overall in Australia.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 5.84%, investors should hope to achieve an overall return of 4.64%

Metrics i HOUSE UNIT
$475,000 $336,250
5.56% 6.75%
20.25% 13.98%
7.74% 5.84%
$340 $300
655 77
3.72% 4.64%
42.8 54.22

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 37598
Median household income ($/weekly) 1299
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 5325 14.2
    25-34 years 4936 13.1
    35-44 years 5467 14.5
    45-54 years 5824 15.5
    55-64 years 4389 11.7
    Others 11658 31.0
    Age Group
    Census Count Percent(%)
    Registered Married 14363 51.5
    Not Married 11539 41.4
    Defacto Relationship 1963 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 23939 67.3
    Indonesia 1583 4.5
    Philippines 911 2.6
    United Kingdom 1306 3.7
    Other 2350 6.6
    Others 5469 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 833 2.4
    Christianity 23431 67.7
    Hinduism 1168 3.4
    Islam 2122 6.1
    No Religion 6555 18.9
    Others 496 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 1012 9.2
    $1,000-$1,249 1165 10.6
    $1,250-$1,499 1074 9.8
    $1,500-$1,999 1704 15.5
    $2,000-$2,499 1204 11.0
    Others 4800 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 11626 41.2
    Not in the labour force 9041 32.0
    Employed, worked part-time 5288 18.7
    Unemployed, looking for work 1221 4.3
    Employed, away from work 1067 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 2480 13.8
    Technicians & trades workers 2767 15.4
    Clerical & administrative workers 3118 17.3
    Machinery operators & drivers 2034 11.3
    Labourers 1922 10.7
    Others 5658 31.5
    Occupation
    Census Count Percent(%)
    Pre-school 508 5.3
    Infants/Primary 3245 33.9
    Secondary 3132 32.7
    Technical or Further Educational Institution 832 8.7
    University or other Tertiary Institutions 1364 14.2
    Others 504 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 32985 92.1
    Semi-detached, row or terrace house, townhouse 1970 5.5
    Flat, unit or apartment 846 2.4
    House or flat attached to a shop, office 12 0.0
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 5512 45.8
    Fully owned 3982 33.1
    Rented 2495 20.7
    Other tenure type 56 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals