Hopetoun

POSTAL CODE: VIC, 3396

HOUSE

HOPETOUN, 3396 ranks 248th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 27.5% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also 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 $255,000.

The upward trend in home prices in HOPETOUN, 3396 averaged 11.52% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in HOPETOUN.

An average of 0.92 real estate transactions take place per month in HOPETOUN which translates to 11 per annum.

11 properties were sold in HOPETOUN in 2016, making it the 719th most active market in VIC based on total real estate transactions.

HOPETOUN, 3396 places 1st in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$255,000	N/A
Growth Report
Median Quarterly	27.5%	N/A
Median 12 month	27.5%	N/A
Median 3 years	34.56%	N/A
Median 5 years	67.21%	N/A
10 years average annual	14.76%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	N/A	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 739

Weekly Household Income 971

Household Size 2.10

Average Age 53

Monthly Loan Repayment 650

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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