If you compare the increase in value of investment property in Altona, 3018 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.57%.
Over the longer term, Altona has seen property prices show investors a 44.64% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Altona are currently offering property investors an average price cut of -3.62% below the asking price at the moment.
On average over the past year, suburb has had 12.58 sales per month, which equates to 151 per year.
Property investors who have had real estate in Altona, 3018 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.18%
While Altona,3018 ranked number 135th in VIC for increase in median house value (annualised) increase, it is ranked 38th over the last 5 years.
Property buyers and investors in Altona 3018 should be seeing an average reduction in asking price of around -4.25% . This means that Altona is holding prices well when compared to other suburbs in VIC.
In the last year 133 properties changed hands in Altona, which puts it as the 59th most active market in VIC when comparing the number of sales per suburb.