Suburb Profile Report for Hoppers Crossing VIC (3029)

Hoppers Crossing House: Median price $395,000, Annual capital growth 5.80%, Number of sales 579, Weekly median advertised rent $320

Hoppers Crossing Unit: Median price $295,000, Annual capital growth 4.19%, Number of sales 73, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Hoppers Crossing has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.10% to date .

Over the longer term, Hoppers Crossing has seen property prices show investors a 23.44% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Hoppers Crossing is $395000, with sellers offering an average of -4.79% off the asking price.

At number 361 in a list of fastest selling suburbs, Hoppers Crossing is in the TOP 10% of suburbs in Australia with an average of days on market 45.62 for properties listed there.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 5.80%.

Hoppers Crossing is an average performer in VIC when comparing median price capital growth over the last year. Hoppers Crossing gave property investors a good capital gain figure when compared to the rest of the state, with 5.36%.

Taking the average capital gain, or increase in median house value, Hoppers Crossing,3029 has racked up an average of 5.36% over the period. This ranks it number 682th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -5.74% to buyers in Hoppers Crossing at the moment, which is less than average for the rest of VIC.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.11%, without taking into account capital value appreciation, which has been averaging out at 4.19%.

HOUSE UNIT
$395,000 $295,000
2.60% 1.72%
10.10% 5.36%
5.80% 4.19%
$320 $290
579 73
4.21% 5.11%
45.62 72.68

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