VIC/
Alphington

Suburb Profile

Alphington - FREE 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 $1,675,000.

The upward trend in home prices in ALPHINGTON, 3078 averaged 22.5% per annum over a 3-year period.

Average weekly rents on listings have reached the $602.5 mark, reflecting a 1.87% increase in returns based on the current median price in ALPHINGTON.

An average of 3.67 real estate transactions take place per month in ALPHINGTON which translates to 44 per annum.

44 properties were sold in ALPHINGTON in 2016, making it the 210th most active market in VIC based on total real estate transactions.

ALPHINGTON, 3078 places 288th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,675,000 $630,000
GROWTH REPORT
Median Quarterly 3.4% -3.08%
Median 12 month 22.26% 6.42%
Median 3 years 67.5% 6.78%
Median 5 years 76.32% 26%
10 years average annual 9.17% 9.18%
Weekly media advert. rent $602.5 $360
Time on Market 40.7 days 52.0 days
Gross Rental Yield Percent 1.87% 2.97%
demographics (median values)
Total Population
4483
Weekly Household Income
1246
Household Size
2.50
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