This property is Off Market
With an average age of 33, households expect an average monthly mortgage payment of $1,517 or a weekly rent payment of $331. The average family earns a weekly income of $1,963 with a typical household size of 2.9 and a 94.86% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Hoppers Crossing due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Hoppers Crossing provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Hoppers Crossing to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Hoppers Crossing we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Hoppers Crossing a better buying opportunity than it may have been in the past.
(Country of Birth not stated 7%)
Hoppers Crossing - North a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
48 / 100
52 / 100
Industry
13 / 100
17 / 100
Population
43 / 100
32 / 100
House Prices
70 / 100
70 / 100
Jobs
34 / 100
34 / 100
Incidents Trend State Average
The Grange P-12 College
Hoppers Crossing, VIC, 3029 State Prep-12
Bethany Catholic Primary School
Werribee, VIC, 3030 Independent Prep-6
Westgrove Primary School
Werribee, VIC, 3030 State Prep-6
Islamic College Of Melbourne
Tarneit, VIC, 3029 Independent Prep-12
St James the Apostle School
Hoppers Crossing, VIC, 3029 Independent Prep-6
Cambridge Primary School
Hoppers Crossing, VIC, 3029 State Prep-6
Good News Lutheran College
Tarneit, VIC, 3029 Independent Prep-12
Heathdale Christian College
Werribee, VIC, 3030 Independent Prep-12
St Peter Apostle School
Hoppers Crossing, VIC, 3029 Independent Prep-6
Baden Powell P-9 College
Hoppers Crossing, VIC, 3029 State Prep-9
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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