Hampton East

Hampton East, VIC 3188 is a diverse suburb with a population of 5069 residents. The area has experienced positive population growth over the past 10 years. The suburb has a mix of age groups, with a significant number of residents aged between 25 to 44 years. The median household income is $1,953 weekly. The most common occupations include professionals, managers, and technicians/tradeworkers. The majority of residents commute by motor vehicle, while working from home is popular, with over 1000 residents doing so. For house properties in Hampton East, there is a good demand as indicated by the market absorption rate above 20%. The suburb shows growth potential with a steady increase in median house prices over the years. Hampton East presents opportunities for renovators due to a high Sale Price IQR ratio. For units, the market absorption rate is lower, indicating a buyer's market. However, the suburb has a low vacancy rate and high rental yield, making it favorable for investors. Hampton East, VIC 3188 offers a balanced lifestyle with good growth potential for property investors. The suburb has a solid demand for housing, with a preference for motor vehicle commuting. The area's diverse demographics and educational advantages make it an attractive location for families and working professionals looking for a mix of urban amenities and a suburban feel. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022