Suburb Profile Report for Hoppers Crossing VIC (3029)

Hoppers Crossing House: Median price $410,000, Annual capital growth 6.34%, Number of sales 602, Weekly median advertised rent $325

Hoppers Crossing Unit: Median price $298,500, Annual capital growth 4.43%, Number of sales 70, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Hoppers Crossing have tracked just higher than the VIC average of 8.06% over the last 12 months.

Comparing Hoppers Crossing,3029 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Hoppers Crossing are currently offering property investors an average price cut of -4.50% below the asking price at the moment.

A $325 per week rent on the median house gives suburb investors a gross yield of circa 4.12%, without taking into account capital value appreciation, which has been averaging out at 6.34%.

At number 714th in the list of Australian suburbs ordered by increase in median house value over the last year, Hoppers Crossing, 3029 is in the top half with a property value increase of 4.74% recorded in median house prices.

A 10.56% growth in median value for property investors in Hoppers Crossing,3029 puts this suburb at number 229th in terms of best performing suburbs in VIC

Hoppers Crossing, 3029 is offering VIC ‘s 130th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

With the median price for a house in Hoppers Crossing being $298500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.05%

HOUSE UNIT
$410,000 $298,500
3.80% -0.50%
12.33% 4.74%
6.34% 4.43%
$325 $290
602 70
4.12% 5.05%
48.92 66.22

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
Find a mortgage broker in Hoppers Crossing VIC
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