Suburb Profile
Altona Meadows - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3028
Property investors have seen a 4.42% gain in ALTONA MEADOWS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on ALTONA MEADOWS, 3028 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 20.37%.
Based on its average 5-year and quarterly capital gains ALTONA MEADOWS, 3028 saw average growth in the long term.
The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $650,000
Profits averaged 18.25% per annum over a 3-year period, due to an upward trend in home prices in ALTONA MEADOWS, 3028.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in ALTONA MEADOWS, 3028 is 2.88%.
An average of 11.83 real estate transactions take place per month in ALTONA MEADOWS which translates to 142 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | $445,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.42% | 3.01% |
| Median 12 month | 20.37% | 17.65% |
| Median 3 years | 54.76% | 33.63% |
| Median 5 years | 71.05% | 43.55% |
| 10 years average annual | 8.28% | 6.22% |
| Weekly media advert. rent | $360 | $340 |
| Time on Market | 34.0 days | 66.2 days |
| Gross Rental Yield Percent | 2.88% | 3.97% |
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