Powered by MOMENTUM MEDIA
smart property investment logo
Altona Meadows
AREA REPORTS

Altona Meadows

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

house
unit

Property investors have seen a 2.82% 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 13.18%.

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 $730,000

Profits averaged 4.81% 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 2.56%.

An average of 18.75 real estate transactions take place per month in ALTONA MEADOWS which translates to 225 per annum.

Data report can be found below

Altona Meadows
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $730,000 $492,000
GROWTH REPORT
Median Quarterly 2.82% 1.23%
Median 12 month 13.18% 4.68%
Median 3 years 14.42% 7.66%
Median 5 years 39.05% 33.15%
10 years average annual 6.51% 3.95%
Weekly media advert. rent $360 $340
Time on Market 36.3 days 48.4 days
Gross Rental Yield Percent 2.56% 3.59%
demographics (median values)*
Total Population
29201
Weekly Household Income
1387
Household Size
2.70
Age
36
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.