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%
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