Suburb Profile Report for Hoppers Crossing VIC (3029)

Hoppers Crossing House: Median price $550,000, Annual capital growth 8.05%, Number of sales 517, Weekly median advertised rent $360

Hoppers Crossing Unit: Median price $385,000, Annual capital growth 6.27%, Number of sales 43, Weekly median advertised rent $320

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

Giving property investors a a stable capital gain of 6.80% for the last year, Hoppers Crossing, 3029 is the 1162th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Hoppers Crossing comes in at number 63th in VIC.

Hoppers Crossing, 3029 is offering VIC ‘s 255th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.40%, without taking into account capital value appreciation, which has been averaging out at 8.05%.

Hoppers Crossing, 3029 ranked 113th in VIC when comparing growth in median property values or capital gain over the last 12 months. Hoppers Crossing is one of 2099 in our list for VIC

Hoppers Crossing,3029 was ranked 473 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Hoppers Crossing should be aiming for at least -4.88% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Hoppers Crossing being $385000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.32%

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December 2017

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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

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.

Close
Metrics i HOUSE UNIT
$550,000 $385,000
-0.36% 1.18%
6.80% 6.94%
8.05% 6.27%
$360 $320
517 43
3.40% 4.32%
40.83 44.08

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (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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