Property investors enjoyed capital gains of 25.59% 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 56.8% 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 $350 based on current median home prices for the suburb.
On average, rents on listings have reached the $350 mark, reflecting a 3.43% increase in returns based on the current median price in HOPPERS CROSSING.
HOPPERS CROSSING, 3029 ranks 52nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 270th on the list of best yielding suburbs for rental properties in VIC, posting a 3.43% return.
Property investors have seen a 3.71% gain in HOPPERS CROSSING based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on HOPPERS CROSSING, 3029 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 20.13%.
Based on its average 5-year and quarterly capital gains HOPPERS CROSSING, 3029 saw average growth in the long term.
HOPPERS CROSSING, 3029 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $370,000.
Profits due to an upward trend in home prices in HOPPERS CROSSING, 3029 averaged 11.68% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $310 based on current median home prices for the suburb.
The gross rental yield in HOPPERS CROSSING, 3029 is 4.36%.
An average of 5.67 real estate transactions take place per month in HOPPERS CROSSING which translates to 68 per annum.
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