Suburb Profile Report for Hampton Park VIC (3976)

Hampton Park House: Median price $510,000, Annual capital growth 5.58%, Number of sales 260, Weekly median advertised rent $360

Hampton Park Unit: Median price $400,000, Annual capital growth 4.77%, Number of sales 55, Weekly median advertised rent $350

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

If you compare the increase in value of investment property in Hampton Park, 3976 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -3.77%.

When looking at the potential capital gains offered to property investors over the last 3 years, Hampton Park comes in at number 267th in VIC.

Hampton Park, 3976 is offering VIC ‘s 101th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.

Residents and property investors in Hampton Park have been waiting around 53.2465 days to sell a property.

Situated 36.34km from the CBD, Hampton Park is one of Casey (C) localities in the postcode 3976.

Property value increases in Hampton Park have tracked lower than the VIC average of 6.11% over the last 12 months.

Comparing Hampton Park,3976 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Hampton Park are currently offering property investors an average price cut of -8.39% below the asking price at the moment.

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Hampton Park, VIC – Strong rental market in family-friendly suburb

Postcode: 3976

Median unit price: $390,000

Vacancy rate: 1.6%

Three-year growth: 17.8%

A well-located suburb near Dandenong, Hampton Park enjoys accessibility due to being bordered by the South Gippsland Freeway, Centre Road and Glasscocks Road.

The suburb was originally established back in the post-World War I era, and since then, the population has bloomed as a result of development. This community-friendly suburb is rich in amenities, including schools like Hampton Park Secondary College, Hampton Park Primary School and Coral Park Primary School. The Hampton Park Central shopping centre serves residents, while the Westfield Fountain Gate shopping hub in Narre Warren is close by.

The average vacancy rate eased slightly from 0.8% to 1.6% in the year to October 2019.

 

Metrics i HOUSE UNIT
$510,000 $400,000
0.49% 1.27%
-3.77% -3.03%
5.58% 4.77%
$360 $350
260 55
3.67% 4.55%
53.246511627907 49.6

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 23767
Median household income ($/weekly) 1166
Median age of persons 32
Median housing loan repayment ($/monthly) 1517
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 3805 16.0
    25-34 years 3511 14.8
    35-44 years 3764 15.8
    45-54 years 3369 14.2
    55-64 years 2107 8.9
    Others 7212 30.3
    Age Group
    Census Count Percent(%)
    Registered Married 8772 51.2
    Not Married 7299 42.6
    Defacto Relationship 1078 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 10820 47.9
    Indonesia 1919 8.5
    Papua New Guinea 915 4.1
    Sri Lanka 1127 5.0
    Other 3428 15.2
    Others 4374 19.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 1668 7.6
    Christianity 13366 60.9
    Hinduism 1105 5.0
    Islam 1958 8.9
    No Religion 3401 15.5
    Others 463 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 719 11.1
    $800-$999 718 11.1
    $1,000-$1,249 838 12.9
    $1,250-$1,499 702 10.8
    $1,500-$1,999 1018 15.7
    Others 2492 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6919 40.3
    Not in the labour force 5862 34.2
    Employed, worked part-time 2840 16.6
    Unemployed, looking for work 895 5.2
    Employed, away from work 634 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1842 17.7
    Community & personal service workers 944 9.1
    Clerical & administrative workers 1503 14.5
    Machinery operators & drivers 1664 16.0
    Labourers 1731 16.7
    Others 2711 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 386 6.1
    Infants/Primary 2192 34.6
    Secondary 2036 32.2
    Technical or Further Educational Institution 711 11.2
    University or other Tertiary Institutions 676 10.7
    Others 330 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 20290 88.4
    Semi-detached, row or terrace house, townhouse 2180 9.5
    Flat, unit or apartment 467 2.0
    House or flat attached to a shop, office 6 0.0
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3864 54.5
    Rented 1742 24.6
    Fully owned 1433 20.2
    Other tenure type 46 0.6
    Tenure Type
Census 2011, ABS
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