Hampton Park suburb profile
Hampton Park is a vibrant suburb located in Melbourne's southeast, approximately 36km from the CBD. Known for its family-friendly atmosphere, it offers a mix of residential options, including modern estates and established homes. The suburb is well-serviced by local amenities, including schools, shopping centres, and recreational facilities, making it an attractive choice for families and professionals. Hampton Park is also conveniently connected to major transport routes, providing easy access to the city and surrounding areas. Its community spirit and growing infrastructure contribute to its appeal as a desirable place to live and invest.
Hampton Park property market performance
Hampton Park's property market has shown positive growth over the past 12 months, with house values increasing by 5.3% and unit values rising by 6.8%. The median house price has averaged $680,000, while units have averaged $550,000, indicating a healthy demand for both property types.
Sales activity has been robust, with 89 houses and 20 units sold in the past 12 months. Houses are selling relatively quickly, with a median of 23 days on the market, compared to 32 days for units, suggesting a slightly stronger demand for houses.
The rental market in Hampton Park has experienced significant growth, with average rents for houses increasing by 15.6% and units by 16.7% over the last 12 months, reflecting strong rental demand in the area.
Median price - houses$679KPast 3 months
Median price - units$550KPast 3 months
Change in value - houses4.6%12 months
Change in value - units7.7%12 months
Houses sold82Past 3 months
Units sold19Past 3 months
Median DOM - houses23Past 12 months
Median DOM - units33Past 12 months
Average rent - houses$520Past 12 months
Average rent - units$490Past 12 months
Change in rent - houses15.6%Past 12 months
Change in rent - units12.6%Past 12 months
Hampton Park demographics
Hampton Park, located in the southeastern suburbs of Melbourne, is a family-oriented community known for its suburban charm and accessibility to essential amenities. With a population of 26,082 and a median age of 33, the suburb is home to a youthful and diverse demographic. The area is particularly appealing to families, with over half of the households being couple families with children, reflecting its family-friendly environment and community-focused lifestyle.
The housing landscape in Hampton Park is characterized by a significant proportion of home ownership, with 24.1% of properties owned outright and 46.2% owned with a mortgage. This indicates a stable residential base, with many families choosing to settle long-term in the area. The rental market, comprising 29.7% of properties, offers options for those seeking flexibility, including young professionals and new families looking to establish themselves in the community.
Hampton Park's median household income of $1,538 per week aligns with its suburban setting, providing a comfortable standard of living for its residents. The suburb's infrastructure supports a balanced lifestyle, with access to schools, parks, and shopping centers, making it an attractive option for those seeking a blend of convenience and community spirit. Overall, Hampton Park offers a welcoming environment for families and individuals looking to enjoy the benefits of suburban living within reach of Melbourne's urban opportunities.
Hampton Park infrastructure, key developments and investment opportunities
Hampton Park is experiencing steady growth and development that may impact its property market. The suburb's population has increased to over 26,000 residents as of the 2021 census, indicating rising demand for housing in the area. Hampton Park's town centre along Hallam Road continues to expand, with recent additions to the local shopping precinct enhancing amenities for residents.
Infrastructure improvements include ongoing upgrades to local schools to accommodate the growing population. The nearby South Gippsland Freeway provides convenient access to Melbourne's CBD, while bus routes connecting to Lynbrook and Hallam railway stations have improved public transport options. With its mix of established homes and new developments, Hampton Park offers diverse housing choices that are likely to attract both families and investors seeking affordable options in Melbourne's southeastern growth corridor.
Hampton Park rental market trends
The rental market in Hampton Park is experiencing robust growth, with house rents increasing 15.6% over the past year to $520 per week, while unit rents have surged 16.7% to $490 per week. This suburb is becoming increasingly attractive for both renters and investors, driven by its affordability and proximity to essential amenities and transport links.
Suburbs near Hampton Park
Some popular suburbs near Hampton Park include: