Hoppers Crossing, 3029 ranked 85th 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
Comparing Hoppers Crossing,3029 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Hoppers Crossing should be aiming for at least -4.74% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 653 properties changed hands in Hoppers Crossing, which puts it as the 9th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Hoppers Crossing being $540000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.37%
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 20.81%
When looking at the potential capital gains offered to property investors over the last 3 years, Hoppers Crossing comes in at number 59th in VIC.
Sellers are offering property buyers an average discount of -4.92% to buyers in Hoppers Crossing at the moment, which is less than average for the rest of VIC.
With the median price for a house in Hoppers Crossing being $374500 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 4.37%
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 returnsFull summary
Information supplied by:
Amenities heighten appeal
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.Close