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Hoppers Crossing, VIC 3029
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$700,000
market range $650K-$775K
Median Unit
$490,000
market range $450K-$525K
Gross Yield (units)
4.3%
1yr Growth (houses)
+8.4%
market range +2.5% to +15.0%
Investment snapshot for Hoppers Crossing
Hoppers Crossing has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Hoppers Crossing market and investor summary
In Hoppers Crossing, VIC 3029, the median house sells for around $700K. House prices have moved +8.4% over the past year and +13.0% over three years. At 2.1% vacancy, it is a broadly balanced rental market.
Living in Hoppers Crossing: people, income and schools
Hoppers Crossing is home to around 37,216 people, and the area has been growing steadily, up about 13% over five years. At a median age of 34, it reads as broadly working-age, and 71% of homes are owner-occupied.
The typical household income runs to around $82,000 a year (about $1,580 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 8.5 times local household income, in line with much of metropolitan Australia. Incomes have risen about 26% over five years, which tends to underpin what local buyers can pay.
Families have 48 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Hoppers Crossing sits about 24 km from the CBD. It is fairly car-dependent; the suburb scores 42 for walkability and 88 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 37,216
- +13% over 5yr
- Median age
- 34 years
- Median household income
- $82,000/yr
- Households renting
- 26%
- Family households
- 76%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 48
- avg ICSEA 978
- Unemployment
- 4.9%
- Distance to CBD
- 24 km
- Walk score
- 42/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Hoppers Crossing
View all →Frequently asked questions about Hoppers Crossing
What should I check before investing in Hoppers Crossing?
Hoppers Crossing has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +8.4% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Hoppers Crossing?
The median property price in Hoppers Crossing, VIC 3029 is $700K for houses and $490K for units.
What rental yield does Hoppers Crossing show?
The gross rental yield in Hoppers Crossing is 4.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Hoppers Crossing?
House prices in Hoppers Crossing are up 8.4% over the past year and up 13.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Hoppers Crossing?
The current vacancy rate in Hoppers Crossing is 2.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Hoppers Crossing?
Hoppers Crossing has a population of approximately 37,216 residents, with a median age of 34.
What schools are near Hoppers Crossing?
There are 48 schools within roughly 5km of Hoppers Crossing. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Hoppers Crossing affordable to buy in?
A median house in Hoppers Crossing costs about 8.5 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Hoppers Crossing's population growing?
The population of Hoppers Crossing has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Hoppers Crossing from the CBD?
Hoppers Crossing is about 24 km from the CBD.
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