Hoppers Crossing suburb profile
Hoppers Crossing is a vibrant suburb located in Melbourne's western region, approximately 23km from the CBD. Known for its family-friendly atmosphere, it offers a mix of residential developments, including modern estates and established homes. The suburb is well-serviced by public transport, with the Hoppers Crossing railway station providing easy access to the city. It boasts a range of amenities, including shopping centres, schools, and recreational facilities, making it an attractive choice for families and professionals. The community spirit and ongoing development contribute to Hoppers Crossing's appeal as a growing and dynamic suburb.
Hoppers Crossing property market performance
Hoppers Crossing's property market has shown modest growth over the past 12 months. House values have increased by 0.8%, with the median house price now at $625,500. Unit values have seen a slight rise of 0.2%, bringing the median unit price to $433,000. This indicates a stable market with consistent demand for both property types.
Sales activity has been robust, with 162 houses and 20 units sold in the past 12 months. Houses are selling relatively quickly, with a median of 35 days on the market, while units take slightly longer at 38 days, suggesting a balanced demand across the board.
The rental market in Hoppers Crossing has experienced significant growth, with house rents increasing by 10.6% and unit rents by 13.2% over the last 12 months. This reflects a strong demand for rental properties in the area.
Median price - houses$621KPast 3 months
Median price - units$445KPast 3 months
Change in value - houses0.8%12 months
Change in value - units0.2%12 months
Houses sold157Past 3 months
Units sold17Past 3 months
Median DOM - houses35Past 12 months
Median DOM - units35.5Past 12 months
Average rent - houses$470Past 12 months
Average rent - units$430Past 12 months
Change in rent - houses9.3%Past 12 months
Change in rent - units13.2%Past 12 months
Hoppers Crossing demographics
Hoppers Crossing, located in the western suburbs of Melbourne, is a thriving community known for its family-friendly environment and convenient amenities. With a population of 37,216, the suburb is a popular choice for families, as evidenced by the 48% of couple families with children. The median age of 37 reflects a balanced mix of young families and established residents, contributing to a vibrant and diverse community atmosphere.
The suburb offers a range of housing options, with a significant portion of properties being owned outright (34.8%) or with a mortgage (38.3%). This indicates a stable residential base, with many families choosing to settle down in the area. The rental market, comprising 27% of properties, provides flexibility for those not yet ready to buy, including young professionals and new families exploring the area.
Hoppers Crossing is well-serviced by public transport and is in close proximity to shopping centers, schools, and recreational facilities, making it an attractive location for those seeking a balanced lifestyle. The median total household income of $1,580 per week suggests a comfortable standard of living, with residents enjoying the benefits of suburban life while still having access to the broader opportunities of Melbourne. The suburb's community spirit, combined with its practical amenities, makes Hoppers Crossing a desirable place to call home.
Hoppers Crossing infrastructure, key developments and investment opportunities
Hoppers Crossing is experiencing significant developments that may impact its property market. The removal of the level crossing at Old Geelong Road, completed in December 2021, has improved traffic flow and safety in the area. This infrastructure upgrade, along with the ongoing station precinct rebuild scheduled for completion in 2022, is likely to enhance the suburb's accessibility and appeal to commuters.
The expansion and renovation of Pacific Werribee (formerly Werribee Plaza) has transformed it into a major retail hub, potentially increasing the desirability of nearby properties. Additionally, the suburb's proximity to the recently opened Tarneit railway station, part of the Regional Rail Link project, has improved connectivity to Melbourne CBD and Geelong. These developments, combined with Hoppers Crossing's family-friendly amenities and relatively affordable housing, are likely to sustain strong demand for properties in the area.
Hoppers Crossing rental market trends
The rental market in Hoppers Crossing is experiencing notable growth, with house rents increasing by 10.6% over the past year to $470 per week, while unit rents have surged 13.2% to $430 per week. This suburb's appeal is bolstered by its family-friendly environment and accessibility, making it an attractive option for both renters and investors seeking promising returns.
Suburbs near Hoppers Crossing
Some popular suburbs near Hoppers Crossing include: