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Hopetoun
AREA REPORTS

Hopetoun

Hopetoun - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6348

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Property investments in HOPETOUN fare well against the rest of the country last year, registering a median home price increase of 17.08%.

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

Based on its average 5-year and quarterly capital gains HOPETOUN, 6348 saw average growth in the long term.

Real estate investors could earn a rental income of $300 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 167.5 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $281,000.

HOPETOUN ranks 64th on the list of best yielding suburbs for rental properties in WA, posting a 5.55% return.

Data report can be found below

Hopetoun
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $281,000 N/A
GROWTH REPORT
Median Quarterly 17.08% N/A
Median 12 month 17.08% N/A
Median 3 years 2.93% N/A
Median 5 years 23.25% N/A
10 years average annual 0.37% N/A
Weekly media advert. rent $300 N/A
Time on Market 167.5 days N/A
Gross Rental Yield Percent 5.55% N/A
demographics (median values)*
Total Population
871
Weekly Household Income
1045
Household Size
2.10
Age
49
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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