Suburb Profile Report for Hoppers Crossing VIC (3029)

Hoppers Crossing House: Median price $450,000, Annual capital growth 7.17%, Number of sales 649, Weekly median advertised rent $330

Hoppers Crossing Unit: Median price $315,000, Annual capital growth 5.12%, Number of sales 86, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Hoppers Crossing, 3029 have given investors a capital gain of 19.64%. This compares very favourably with the 9.78% for VIC as a whole.

Over the longer term, Hoppers Crossing has seen property prices show investors a 34.33% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Hoppers Crossing is offering property investors an average of -5.71. This rate of discount on properties puts Suburb at number 458th in terms of most discounted suburbs in VIC

The VIC suburb of Hoppers Crossing, 3029 is in the Wyndham local government area.

Hoppers Crossing, 3029 ranked 117th in VIC when comparing growth in median property values or capital gain over the last 12 months. Hoppers Crossing is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Hoppers Crossing,3029 has racked up an average of 8.62% over the period. This ranks it number 616th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Hoppers Crossing is giving property investors an average Vendor Discount of around -5.34%. This puts suburb at number 102th in VIC when ranking the most discounted suburbs.

In the last year 86 properties changed hands in Hoppers Crossing, which puts it as the 100th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 5.12%, investors should hope to achieve an overall return of 4.95%

Metrics i HOUSE UNIT
$450,000 $315,000
6.64% 2.27%
19.64% 8.62%
7.17% 5.12%
$330 $300
649 86
3.81% 4.95%
42.58 61.31

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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
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