Property investors who have had real estate in Altona, 3018 should be 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 14.69%
Taking the average capital gain, or increase in median house value, Altona,3018 has racked up an average of 14.69% over the period. This ranks it number 567th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Altona is giving property investors an average Vendor Discount of around -3.64%. This puts suburb at number 534th in VIC when ranking the most discounted suburbs.
Over the last year, property investments in Altona, 3018 have given investors a capital gain of 4.59%. This compares averagely with the 3.11% for VIC as a whole.
Over the longer term, Altona has seen property prices show investors a 22.98% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Altona 3018 should be seeing an average reduction in asking price of around -4.32% . This means that Altona is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.