AREA REPORTS

Altona

VIC/
Altona

Suburb Profile

Altona - FREE 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 -8.11%.

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 $422.5 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 68.6 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 $850,000.

ALTONA ranks 516th on the list of best yielding suburbs for rental properties in VIC, posting a 2.58% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $850,000 $545,000
GROWTH REPORT
Median Quarterly -7.61% -12.2%
Median 12 month -8.11% -9.17%
Median 3 years 20.06% 0%
Median 5 years 52.74% 17.08%
10 years average annual 6.95% 5.72%
Weekly media advert. rent $422.5 $390
Time on Market 68.6 days 64.3 days
Gross Rental Yield Percent 2.58% 3.72%
demographics (median values)
Total Population
9687
Weekly Household Income
894.3
Household Size
2.30
demographics
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