Hampton (postcode 3188) is a well-established suburb in Victoria within the Bayside (Vic.) local government area. It is home to about 13,518 residents, with a mature demographic and a median age of 45. Households earn a median income of $139K per year, with an average household size of 2.6 people. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Hampton has a median house price of $1.9 million, which has declined steeply by 22.4% year-on-year. Units have a median price of $781,000 (-16.2% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $3,000.
Hampton is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 1143, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 64 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Bayside (Vic.) LGA is moderate at 5,194 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.0% (low yield). Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved -22.4% year-on-year.