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 $2,102,500.

The downward trend in home prices in ALPHINGTON, 3078 averaged -1.69% per annum over a 3-year period.

Average weekly rents on listings have reached the $950 mark, reflecting a 2.35% increase in returns based on the current median price in ALPHINGTON.

An average of 4.33 real estate transactions take place per month in ALPHINGTON which translates to 52 per annum.

52 properties were sold in ALPHINGTON in 2016, making it the 175th most active market in VIC based on total real estate transactions.

ALPHINGTON, 3078 places 103rd in Australia based on median property value growth during the quarter.

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.

You’re out of free articles for this month
Loading form...