Suburb Profile Report for Hoppers Crossing VIC (3029)

Hoppers Crossing House: Median price $540,000, Annual capital growth 8.51%, Number of sales 653, Weekly median advertised rent $350

Hoppers Crossing Unit: Median price $374,500, Annual capital growth 6.44%, Number of sales 65, Weekly median advertised rent $315

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

Information supplied by:


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
$540,000 $374,500
3.85% 1.22%
21.72% 20.81%
8.51% 6.44%
$350 $315
653 65
3.37% 4.37%
43.56 47.84

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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Recent sales & rentals