Located in Victoria within the Bayside (Vic.) local government area, Hampton East is a mid-sized suburb (postcode 3188). The area has roughly 5,069 residents and an established demographic, with a median age of 40. Households earn a median income of $102K per year, with an average household size of 2.4 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.
The median house price in Hampton East is $1.4 million, having fallen by 4% over the past year. Units have a median price of $1.1 million (+15.8% YoY). The current median weekly rent is $743. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,600.
Hampton East is served by 1 school, including 1 special. The average ICSEA score is 1058, which is above the national average of 1,000. Public transport access includes 21 bus stops. 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 2.7% (low yield). Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 14.1x is considered stretched. House prices have moved -4.0% year-on-year.