AREA REPORTS

Altona Meadows

Suburb Profile

Altona Meadows - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3028

house
unit

Property investors have seen a 1.28% 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 16.07%.

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 17.05% 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 $370 based on current median home prices for the suburb.

The gross rental yield in ALTONA MEADOWS, 3028 is 2.96%.

An average of 12.83 real estate transactions take place per month in ALTONA MEADOWS which translates to 154 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 $450,000
GROWTH REPORT
Median Quarterly 1.28% 1.12%
Median 12 month 16.07% 9.76%
Median 3 years 51.16% 28.57%
Median 5 years 71.05% 42.86%
10 years average annual 7.96% 5.94%
Weekly media advert. rent $370 $340
Time on Market 40.5 days 50.4 days
Gross Rental Yield Percent 2.96% 3.93%
demographics (median values)
Total Population
18840
Weekly Household Income
1044
Household Size
2.80
demographics
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