AREA REPORTS

Hoppers Crossing

Suburb Profile

Hoppers Crossing - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3029

house
unit

Property investors enjoyed capital gains of 17.02% over the last 12 months in HOPPERS CROSSING, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in HOPPERS CROSSING are low, as opposed to average gains per annum over the past five years.

The suburb posted a 60.35% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.

On average, rents on listings have reached the $350 mark, reflecting a 3.31% increase in returns based on the current median price in HOPPERS CROSSING.

HOPPERS CROSSING, 3029 ranks 132nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 267th on the list of best yielding suburbs for rental properties in VIC, posting a 3.31% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $550,000 $377,500
GROWTH REPORT
Median Quarterly 1.85% 0.67%
Median 12 month 17.02% 14.05%
Median 3 years 60.35% 39.04%
Median 5 years 73.78% 51%
10 years average annual 8.39% 6.35%
Weekly media advert. rent $350 $315
Time on Market 43.8 days 46.9 days
Gross Rental Yield Percent 3.31% 4.34%
demographics (median values)
Total Population
38111
Weekly Household Income
1137
Household Size
3.00
demographics
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Top 10 Birth Countries
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