Alphington

POSTAL CODE: VIC, 3078

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,080,000.

The downward trend in home prices in ALPHINGTON, 3078 averaged -2.38% per annum over a 3-year period.

Average weekly rents on listings have reached the $850 mark, reflecting a 2.13% increase in returns based on the current median price in ALPHINGTON.

An average of 4.75 real estate transactions take place per month in ALPHINGTON which translates to 57 per annum.

57 properties were sold in ALPHINGTON in 2016, making it the 151st most active market in VIC based on total real estate transactions.

ALPHINGTON, 3078 places 470th in Australia based on median property value growth during the quarter.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $845,000.

Average median unit prices in VIC have risen as a whole, pulling ALPHINGTON, 3078 values up and netting property investors a capital gain of 5.76% for the past year.

Investors saw the median home price rise to $845,000.

The upward trend in home prices in ALPHINGTON, 3078 averaged 1.57% per annum over a 3-year period.

ALPHINGTON now ranks at the 355th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in ALPHINGTON are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $595 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In ALPHINGTON, homes and units usually stay on listing for an average of 83.7 days.

108 properties were sold in ALPHINGTON in 2016, making it the 393rd most active market in VIC based on total real estate transactions.

Surburb overview

Alphington, located approximately 7 kilometres northeast of Melbourne's Central Business District, is a suburb within the Cities of Darebin and Yarra, Victoria. As of the 2021 census, it had a population of 5,702.

Its tranquil environment characterises the suburb, featuring wide streets lined with River Red Gum trees. Alphington offers a mix of housing options, including single-family homes and modern apartments, catering to a diverse population that includes young singles and retirees.

Public transportation in Alphington is well-developed. The Alphington railway station on the Hurstbridge line provides Melbourne's city centre access. Additionally, several bus routes service the area, enhancing connectivity to neighbouring suburbs.

Numerous parks and green spaces offer abundant recreational opportunities. The Darebin Parklands and Alphington Park offer residents ample outdoor spaces for leisure and sports activities. The suburb also features the Latrobe Golf Club, which offers scenic golf courses for enthusiasts.

Alphington offers a range of housing options. The median house price is approximately $2,070,000, and annual capital growth is -5.26%. Rental yields are around 2.27%, and the median weekly rent is $900.

Alphington's blend of natural beauty, accessible amenities, and peaceful atmosphere contributes to its appeal as a residential suburb in Melbourne's inner northeast.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,080,000	$845,000
Growth Report
Median Quarterly	0.73%	-6.5%
Median 12 month	0.48%	5.76%
Median 3 years	-7.14%	4.72%
Median 5 years	11.53%	26.12%
10 years average annual	5.63%	4.86%
Weekly media advert. rent	$850	$595
Time on Market	72.3 days	83.7 days
Gross Rental Yield Percent	2.13%	3.66%

Demographics (Median Values)*

Total Population 11638

Weekly Household Income 1856

Household Size 2.40

Average Age 36

Monthly Loan Repayment 2050

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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