Hoppers Crossing

POSTAL CODE: VIC, 3029
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Property investors enjoyed capital gains of 7.9% 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 7.9% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

On average, rents on listings have reached the $480 mark, reflecting a 3.73% increase in returns based on the current median price in HOPPERS CROSSING.

HOPPERS CROSSING, 3029 ranks 152nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 246th on the list of best yielding suburbs for rental properties in VIC, posting a 3.73% return.

Surburb overview

Hoppers Crossing, located approximately 24 kilometres southwest of Melbourne's Central Business District, is a suburb within the City of Wyndham local government area. According to the 2021 Census, it has a population of 37,216 residents. 

The suburb's demographic profile is diverse. While 58.8% of residents were born in Australia, significant communities originate from India (5.9%), New Zealand (2.7%), the Philippines (2.6%), England (2.2%), and Myanmar (1.8%). Languages spoken at home reflect this diversity, with 60.5% speaking only English, followed by Arabic (2.6%), Punjabi (2.0%), Italian (1.9%), Mandarin (1.7%), and Hindi (1.6%). Religious affiliations include Roman Catholicism (27.4%), no religion (22.4%), and Anglicanism (8.1%). 

Public transportation in Hoppers Crossing is well-developed. It is centred around the Hoppers Crossing railway station, which serves the Werribee line and provides residents with direct train services to Melbourne's CBD and surrounding areas. Additionally, several bus routes operate through the suburb, connecting it to neighbouring communities and essential services. 

The suburb hosts essential establishments catering to daily needs. Hoppers Crossing Shopping Centre, opened in 1983, underwent a $10 million redevelopment in 2016, expanding to include a range of specialty retail and food outlets. Pacific Werribee, which opened in 1985 and rebranded in 2017, now comprises major local retailers, 300 specialty stores, and major supermarket chains. Hogans Corner opened in the late 1990s with a supermarket, several specialty stores, and fast-food restaurants. The Old Geelong Road commercial precinct features a variety of big-box homemaker and warehouse retailers. 

Recreational opportunities abound in Hoppers Crossing. The suburb is home to several parks, including playgrounds and recreational areas. Skeleton Creek, running along the suburb's eastern edge, hosts healthy populations of native reptiles and provides walking and cycling trails. The Federation Trail opened in 2004, links Werribee with Brooklyn and Yarraville, offering additional routes for exercise and commuting. 

Hoppers Crossing's combination of cultural diversity, accessible public transport, essential services, and recreational facilities contributes to its appeal as a residential suburb within Melbourne's western region. 

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