Suburb Profile Report for Hoppers Crossing VIC (3029)

Hoppers Crossing House: Median price $530,000, Annual capital growth 6.56%, Number of sales 429, Weekly median advertised rent $365

Hoppers Crossing Unit: Median price $400,000, Annual capital growth 5.29%, Number of sales 53, Weekly median advertised rent $323

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Hoppers Crossing has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.64%

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.

Hoppers Crossing, 3029 is offering VIC ‘s 169th 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.

At number 1461 in a list of fastest selling suburbs, Hoppers Crossing is in the TOP 40% of suburbs in Australia with an average of days on market 70.5608 for properties listed there.

Hoppers Crossing is 277th on a list of best yielding suburbs for rents in VIC with a 3.58% return

Property value increases in Hoppers Crossing have tracked close to the VIC average of 6.11% over the last 12 months.

Hoppers Crossing,3029 has offered an average of 5.26% return per annum in house price rises to property investors over the last three years.

At number 43th of VIC’s most discounted properties, Hoppers Crossing is in the bottom 20% of the state/territory when listing in order of most discounted to least.

A $322.5 per week rent on the median house gives suburb investors a gross yield of circa 4.19%, without taking into account capital value appreciation, which has been averaging out at 5.29%.

Information supplied by:


December 2017

M
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W
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Amenities heighten appeal

Postcode: 3029

Median unit price: $330,501

Three-year growth: 24.7%

Rental yield: 4.7%

Named because Hoppers Lane runs through Werribee and the crossing of the Geelong-Melbourne railway, the suburb of Hoppers Crossing has strong appeal given its reasonable apartment prices and considerable rental returns.

Consistent demand has allowed the suburb to flourish over the recent five-year period, and it experienced a 14% increase in unit values through the past 12 months. Coupled with an average yield of 4.7% and the fact that Hoppers Crossing is less than an hour’s drive from the Melbourne CBD, investors could have a gem on their hands here.

The suburb is dotted with various shopping centres, to the convenience of residents. There are also numerous playgrounds and parks for recreation. Hoppers Crossing is also home to schools of all levels, including Victoria University.

Metrics i HOUSE UNIT
$530,000 $400,000
1.73% 0.76%
-3.64% 5.26%
6.56% 5.29%
$365 $323
429 53
3.58% 4.19%
70.5608308605341 82.7435897435897

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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
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