Suburb Profile Report for Hopetoun VIC (3396)

Hopetoun House: Median price $115,000, Annual capital growth 8.69%, Number of sales 24, Weekly median advertised rent N/A

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

If you compare the increase in value of investment property in Hopetoun, 3396 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -23.33%.

When looking at the potential capital gains offered to property investors over the last 3 years, Hopetoun comes in at number 182th in VIC.

LACK OF BUYER INTEREST may well be the reason that Hopetoun is offering property investors an average of -4.08. This rate of discount on properties puts Suburb at number 24th in terms of most discounted suburbs in VIC

Situated 327.70km from the CBD, Hopetoun is one of Yarriambiack (S) localities in the postcode 3396.

Metrics i HOUSE UNIT
$115,000 N/A
-20.69% N/A
-23.33% N/A
8.69% N/A
N/A N/A
24 N/A
N/A N/A
116.866666666667 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 555
Median household income ($/weekly) 814
Median age of persons 51
Median housing loan repayment ($/monthly) 676
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 52 9.4
    45-54 years 81 14.6
    55-64 years 81 14.6
    65-74 years 70 12.6
    75-84 years 74 13.3
    Others 197 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 224 54.5
    Not Married 164 39.9
    Defacto Relationship 23 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 497 93.1
    Indonesia 3 0.6
    Ireland 3 0.6
    Papua New Guinea 12 2.2
    United Kingdom 13 2.4
    Others 6 1.1
    Country of Birth
    Census Count Percent(%)
    Christianity 382 78.4
    No Religion 99 20.3
    Islam 6 1.2
    Buddhism 0 0.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 34 16.4
    $400-$599 36 17.4
    $800-$999 23 11.1
    $1,000-$1,249 20 9.7
    $1,500-$1,999 26 12.6
    Others 68 32.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 228 49.6
    Employed, worked full-time 143 31.1
    Employed, worked part-time 64 13.9
    Employed, away from work 19 4.1
    Unemployed, looking for work 6 1.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 50 21.7
    Professionals 44 19.1
    Technicians & trades workers 23 10.0
    Machinery operators & drivers 27 11.7
    Labourers 37 16.1
    Others 49 21.3
    Occupation
    Census Count Percent(%)
    Secondary 44 48.4
    Infants/Primary 31 34.1
    Pre-school 6 6.6
    University or other Tertiary Institutions 6 6.6
    Other type of educational institution 4 4.4
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 467 97.5
    House or flat attached to a shop, office 7 1.5
    Semi-detached, row or terrace house, townhouse 5 1.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 140 62.8
    Being purchased 46 20.6
    Rented 33 14.8
    Other tenure type 4 1.8
    Tenure Type
Census 2011, ABS
Chart Table