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.
Information supplied by:
Hampton Park, VIC – Strong rental market in family-friendly suburb
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.