Hampton VIC 3188: Property Market Report & Real Estate Insights

Part of Bayside (Vic.), VIC

Hampton Real Estate Market Outlook

Thinking about buying in Hampton? Now could not be a better time, with 7861 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,468,000 with prices in this suburb ranging from $170,000 to $317,108,000. Hampton is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Living in Hampton

In Hampton there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Hampton is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Hampton changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Hampton the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Instant Property Valuation

Hampton, located in the Bayside area of Victoria, Australia, is renowned for its appealing residential landscape, characterized by a mix of charming period homes, modern townhouses, and luxurious waterfront properties. The housing market in Hampton has experienced significant growth over the years, driven by its prime coastal location, excellent amenities, and strong community atmosphere. Property values have steadily increased, making it a sought-after suburb for both families and investors. The area offers a diverse range of housing options, catering to different tastes and budgets, though prices are generally above the state average, reflecting its desirability and the quality of life it affords its residents.

Living in Hampton provides a balanced lifestyle, combining the tranquility of its beachside setting with the vibrancy of its local conveniences. The suburb is well-served by public transport, particularly the Hampton railway station, making the commute to Melbourne’s CBD simple and convenient for professionals. Families are drawn to the area due to its excellent schools, parks, and recreational facilities, including the popular Hampton Beach, which fosters an active outdoor lifestyle. The local shopping precinct offers a variety of cafes, restaurants, and boutiques, cultivating a lively community atmosphere. Hampton's picturesque streetscapes, friendly community vibe, and proximity to the city make it a highly desirable place to live.

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