Suburb Profile Report for Altona VIC (3018)

Altona House: Median price $768,000, Annual capital growth 8.51%, Number of sales 135, Weekly median advertised rent $400

Altona Unit: Median price $570,000, Annual capital growth 7.12%, Number of sales 116, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Altona have tracked just higher than the VIC average of 7.68% over the last 12 months.

The five-year average increase in median property values for Altona,3018 has given property investors a potential capital gain of 50.59% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Altona, 3018. Typically our figures indicate that -4.17% is being offered, which puts this VIC suburb at 3114th most discounted overall in Australia.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 2.71%, without taking into account capital value appreciation, which has been averaging out at 8.51%.

With a capital gain of 4.59% for the last 12 months, Altona, 3018 has performed for property investments than its average annual 7.12% property growth over the last 5 years.

Across a shorter period, Altona, 3018 has seen a median price increase of 0.88% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Altona, 3018. Typically our figures indicate that -4.38% is being offered, which puts this VIC suburb at 958th most discounted overall in Australia.

Often selling an investment property can take time, and in Altona the average time real estate has been on the market is 92.24 days.

Property investors should expect to get $340 weekly from the median priced house in this suburb.

HOUSE UNIT
$768,000 $570,000
1.05% 0.88%
9.71% 4.59%
8.51% 7.12%
$400 $340
135 116
2.71% 3.10%
81.14 92.24

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 9918
Median household income ($/weekly) 1136
Median age of persons 42
Median housing loan repayment ($/monthly) 1790
Average household size 2.3
  • Census Count Percent(%)
    25-34 years 1359 13.7
    35-44 years 1513 15.3
    45-54 years 1370 13.8
    55-64 years 1220 12.3
    65-74 years 927 9.3
    Others 3529 35.6
    Age Group
    Census Count Percent(%)
    Registered Married 3734 47.3
    Not Married 3425 43.4
    Defacto Relationship 739 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6449 68.2
    Indonesia 242 2.6
    Netherlands 254 2.7
    United Kingdom 712 7.5
    Other 413 4.4
    Others 1387 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 197 2.2
    Christianity 6211 67.9
    Hinduism 157 1.7
    Islam 148 1.6
    No Religion 2324 25.4
    Others 105 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 349 9.3
    $400-$599 407 10.8
    $600-$799 366 9.7
    $800-$999 348 9.3
    $1,500-$1,999 455 12.1
    Others 1832 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3144 39.2
    Employed, worked full-time 3047 38.0
    Employed, worked part-time 1326 16.6
    Unemployed, looking for work 256 3.2
    Employed, away from work 238 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 541 11.7
    Professionals 1079 23.4
    Technicians & trades workers 659 14.3
    Community & personal service workers 414 9.0
    Clerical & administrative workers 812 17.6
    Others 1102 23.9
    Occupation
    Census Count Percent(%)
    Pre-school 133 7.2
    Infants/Primary 593 32.3
    Secondary 441 24.0
    Technical or Further Educational Institution 171 9.3
    University or other Tertiary Institutions 382 20.8
    Others 117 6.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7412 78.4
    Flat, unit or apartment 1154 12.2
    Semi-detached, row or terrace house, townhouse 864 9.1
    House or flat attached to a shop, office 19 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1783 44.1
    Rented 1225 30.3
    Being purchased 1021 25.2
    Other tenure type 16 0.4
    Tenure Type
Census 2011, ABS
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