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Altona Meadows
AREA REPORTS

Altona Meadows

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

house
unit

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.

Data report can be found below

Altona Meadows
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%
demographics (median values)
Total Population
29201
Weekly Household Income
1387
Household Size
2.70
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