VIC/
Altona

Suburb Profile

Altona - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3018

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unit

Property investments in ALTONA did not fare well against the rest of the country last year, registering a median home price decrease of 14.72%.

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 $450 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 53.7 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 $935,000.

ALTONA ranks 442nd on the list of best yielding suburbs for rental properties in VIC, posting a 2.5% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $935,000 $630,000
GROWTH REPORT
Median Quarterly 2.3% 0.56%
Median 12 month 14.72% 1.2%
Median 3 years 44.96% 28.97%
Median 5 years 71.56% 56.52%
10 years average annual 8.43% 7.91%
Weekly media advert. rent $450 $360
Time on Market 53.7 days 65.9 days
Gross Rental Yield Percent 2.5% 2.97%
demographics (median values)
Total Population
9687
Weekly Household Income
894.3
Household Size
2.30
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Altona, VIC
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