Altona has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.10% to date .
Altona,3018 was ranked 795 in Australia by increase in median property value over the quarter.
The most recent median price for Altona is $760000, with sellers offering an average of -4.82% off the asking price.
On average over the past year, suburb has had 10.33 sales per month, which equates to 124 per year.
With the median price for a house in Altona being $760000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.74%
Altona, 3018 ranked 186th in VIC when comparing growth in median property values or capital gain over the last 12 months. Altona is one of 2098 in our list for VIC
A 30.23% growth in median value for property investors in Altona,3018 puts this suburb at number 107th in terms of best performing suburbs in VIC
Altona3018 is located in VIC which offers an average discount of -5.22% to property investors. Altona itself is showing figures that indicate -4.60% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 10.25 sales per month, which equates to 123 per year.