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Alphington
AREA REPORTS

Alphington

Alphington - SUBURB PROFILE REPORT
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 $2,189,000.

The upward trend in home prices in ALPHINGTON, 3078 averaged 14.67% per annum over a 3-year period.

Average weekly rents on listings have reached the $750 mark, reflecting a 1.78% increase in returns based on the current median price in ALPHINGTON.

An average of 3.17 real estate transactions take place per month in ALPHINGTON which translates to 38 per annum.

38 properties were sold in ALPHINGTON in 2016, making it the 277th most active market in VIC based on total real estate transactions.

ALPHINGTON, 3078 places 36th in Australia based on median property value growth during the quarter.

Data report can be found below

Alphington
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,189,000 $725,000
GROWTH REPORT
Median Quarterly 15.21% 6.93%
Median 12 month 24.73% 7.01%
Median 3 years 44.01% 5.2%
Median 5 years 52.01% 20.63%
10 years average annual 8.05% 3.21%
Weekly media advert. rent $750 $427.5
Time on Market 0.0 days 64.8 days
Gross Rental Yield Percent 1.78% 3.07%
demographics (median values)*
Total Population
11638
Weekly Household Income
1856
Household Size
2.40
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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