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Altona MeadowsAltona Meadows - SUBURB PROFILE REPORT
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Property investors have seen a 1.98% gain in ALTONA MEADOWS based on an increase in median home prices for the past three months.
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 $642,500
Profits averaged 0.93% 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 $375 based on current median home prices for the suburb.
The gross rental yield in ALTONA MEADOWS, 3028 is 3.04%.
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 | $642,500 | $470,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.98% | 0% |
| Median 12 month | 3.63% | 0.75% |
| Median 3 years | 2.8% | 7.55% |
| Median 5 years | 42.78% | 30.47% |
| 10 years average annual | 5.1% | 4.02% |
| Weekly media advert. rent | $375 | $340 |
| Time on Market | 35.5 days | 40.2 days |
| Gross Rental Yield Percent | 3.04% | 3.76% |
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