Hopetoun is a small community in Victoria within the Yarriambiack local government area (postcode 3396). With a population of 694, the suburb has an older demographic with a median age of 56. Households earn a median income of $58K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Hopetoun is $212,000, having surged 23.7% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 7.4%. The median monthly mortgage repayment is $650.
Hopetoun is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 971, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Yarriambiack LGA is higher than average at 8,069 incidents per 100,000 population.
From an investment perspective, Hopetoun offers a gross rental yield of 7.4%, rated as high yield. Property prices sit below the state median ($212K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved +23.7% year-on-year.
Hopetoun is a small community in Victoria within the Yarriambiack local government area (postcode 3396). With a population of 694, the suburb has an older demographic with a median age of 56. Households earn a median income of $58K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Hopetoun is $212,000, having surged 23.7% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 7.4%. The median monthly mortgage repayment is $650.
Hopetoun is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 971, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Yarriambiack LGA is higher than average at 8,069 incidents per 100,000 population.
From an investment perspective, Hopetoun offers a gross rental yield of 7.4%, rated as high yield. Property prices sit below the state median ($212K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved +23.7% year-on-year.