Hoppers Crossing is an average performer in VIC when comparing median price capital growth over the last year. Hoppers Crossing gave property investors a average capital gain figure when compared to the rest of the state, with -3.98%.
While Hoppers Crossing,3029 ranked number 485th in VIC for increase in median house value (annualised) increase, it is ranked 68th over the last 5 years.
Hoppers Crossing, 3029 is offering VIC ‘s 162th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 7.23%, investors should hope to achieve an overall return of 3.57%
VIC has seen average median house prices change by 0.68% which means that Hoppers Crossing, 3029 has done well for property investors by showing a capital gain of 0.26% over the last year
If we look at median property appreciation over just the last three months, Hoppers Crossing has given property investors a paper return of 2.43%. This puts Suburb as 111 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -7.09% to buyers in Hoppers Crossing at the moment, which is less than average for the rest of VIC.
The VIC suburb of Hoppers Crossing, 3029 is in the Wyndham (C) local government area.
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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.