Powered by MOMENTUM MEDIA
smart property investment logo
Altona
AREA REPORTS

Altona

Altona - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3018

house
unit

Property investments in ALTONA did not fare well against the rest of the country last year, registering a median home price decrease of 26.98%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains ALTONA, 3018 saw average growth in the long term.

Real estate investors could earn a rental income of $452.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 51.0 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,200,000.

ALTONA ranks 512th on the list of best yielding suburbs for rental properties in VIC, posting a 1.96% return.

Data report can be found below

Altona
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,200,000 $710,000
GROWTH REPORT
Median Quarterly 6.19% 1.43%
Median 12 month 26.98% 7.98%
Median 3 years 42.86% 22.41%
Median 5 years 56.91% 24.02%
10 years average annual 8.89% 5.7%
Weekly media advert. rent $452.5 $380
Time on Market 51.0 days 57.0 days
Gross Rental Yield Percent 1.96% 2.78%
demographics (median values)*
Total Population
12689
Weekly Household Income
1440
Household Size
2.30
Age
42
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.