Property investors who have had real estate in Hoppers Crossing, 3029 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.23%
Comparing Hoppers Crossing,3029 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Hoppers Crossing is giving property investors an average Vendor Discount of around -3.77%. This puts suburb at number 461th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Hoppers Crossing the average time real estate has been on the market is 42.17 days.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
If you compare the increase in value of investment property in Hoppers Crossing, 3029 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.97%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hoppers Crossing has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Hoppers Crossing is offering property investors an average of -4.83. This rate of discount on properties puts Suburb at number 199th in terms of most discounted suburbs in VIC
Renters in Suburb are facing rents around $3600 per annum or $300 every week.