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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:

Common questions about Hampton Park

  • Is Hampton Park a nice place to live?

    Hampton Park is a delightful suburb that offers a welcoming and family-friendly environment, making it a fantastic place to live. Nestled in Melbourne's southeast, it provides a suburban charm with a strong sense of community that appeals to families and individuals alike. The suburb is known for its peaceful atmosphere and accessibility to essential amenities, which include schools, shopping centres, and recreational facilities. This makes it an ideal location for families seeking convenience and a supportive community environment.

    The suburb's vibe is characterized by its suburban charm and a growing infrastructure that supports a balanced lifestyle. Hampton Park is well-connected to major transport routes, offering easy access to Melbourne's CBD and surrounding areas, which is a significant advantage for professionals commuting to the city. The local amenities, such as parks and cafes, provide plenty of opportunities for leisure and relaxation, contributing to the suburb's appeal as a desirable place to live.

    For families, Hampton Park offers a safe and nurturing environment with a variety of housing options, from modern estates to established homes. The suburb's community spirit is evident in its family-oriented lifestyle, with many households being couple families with children. However, one trade-off of living in Hampton Park might be the distance from the bustling city life of Melbourne's inner suburbs. While it lacks the nightlife and trendiness of more central areas, it compensates with a quieter, more relaxed lifestyle that many find appealing.

    Overall, Hampton Park is a charming suburb that offers a blend of convenience, community spirit, and suburban tranquility, making it a lovely place for families and individuals seeking a peaceful yet connected lifestyle.

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  • Is it expensive to live in Hampton Park?

    Living in Hampton Park can be considered relatively affordable compared to other suburbs in the Melbourne area. The median house price is currently around $680,000, which is quite reasonable when you consider that many Melbourne suburbs have house prices well over the million-dollar mark. Units are even more affordable, with a median price of $550,000, making them an attractive option for those looking to enter the property market.

    When it comes to renting, Hampton Park offers competitive rates, with houses averaging $520 per week and units at $490 per week. These rental prices are manageable, especially when compared to the average household income in the suburb, which is approximately $80,000 per year. This income level is fairly typical for the area, providing a decent balance between earnings and living costs.

    Overall, if you are thinking of living in Hampton Park, you'll find it offers a more budget-friendly option than many other parts of Melbourne, without sacrificing the amenities and conveniences of suburban life. The combination of affordable housing prices and reasonable rental rates makes Hampton Park an appealing choice for those looking to live comfortably without breaking the bank.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Hampton Park a good place to invest?

    Hampton Park is showing promising signs as a good place to invest, especially for those looking at both capital growth and rental yield. Over the past year, the suburb has experienced a 5.3% increase in median house values and a 6.8% rise in unit values. This steady growth indicates a healthy demand for properties in the area, which is a positive signal for potential investors.

    Moreover, the rental market in Hampton Park is thriving, with house rents increasing by 15.6% and unit rents by 16.7% over the last 12 months. This significant rise in rental prices suggests a strong demand for rental properties, making it an attractive option for investors seeking reliable rental income. The combination of rising property values and rental yields makes Hampton Park a suburb worth considering for investment.

    Overall, Hampton Park offers a balanced investment opportunity with both capital growth and rental income potential. Its recent performance in the property market highlights its appeal to both buyers and renters, making it a suburb that could provide solid returns for investors in the coming years.

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