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Alfredton
AREA REPORTS

Alfredton

Alfredton - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3350

house
unit

ALFREDTON, 3350 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling ALFREDTON, 3350 values up and netting property investors a capital gain of 16.35% for the past year.

Investors saw the median home price rise to $605,000.

Profits due to an upward trend in home prices in the suburb averaged 13.46% per annum over a 3-year period.

ALFREDTON now ranks at the 417th 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 ALFREDTON are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $420 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ALFREDTON, homes and units usually stay on listing for an average of 31.5 days.

In 2016, 258 properties were sold in ALFREDTON during the past year, making it the 412th most active market in VIC based on total real estate transactions.

Data report can be found below

Alfredton
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $605,000 $404,500
GROWTH REPORT
Median Quarterly 3.42% 6.45%
Median 12 month 16.35% 8.16%
Median 3 years 40.37% 66.8%
Median 5 years 63.51% 70.27%
10 years average annual 6.25% 6.58%
Weekly media advert. rent $420 $320
Time on Market 31.5 days 29.2 days
Gross Rental Yield Percent 3.61% 4.11%
demographics (median values)*
Total Population
59145
Weekly Household Income
1238
Household Size
2.40
Age
37
Monthly Loan Repayment
1408
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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