Suburb Profile Report for Altona VIC (3018)

Altona House: Median price $832,500, Annual capital growth 9.10%, Number of sales 158, Weekly median advertised rent $400

Altona Unit: Median price $580,000, Annual capital growth 7.45%, Number of sales 137, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 13.27% for the last year, Altona, 3018 is the 928th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Altona has given property investors a paper return of 5.51%. This puts Suburb as 146 on a list of fastest fasting appreciating suburbs in VIC

At number 465th of VIC’s most discounted properties, Altona is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 9.10%, investors should hope to achieve an overall return of 2.50%

Altona is in the bottom 40% in VIC when comparing median price capital growth over the last year. Altona gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.75%.

Altona,3018 has offered an average of 1.75% return per annum in house price rises to property investors over the last three years.

Altona, 3018 is offering VIC ‘s 236th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

Often selling an investment property can take time, and in Altona the average time real estate has been on the market is 100.05 days.

Advertised rents are around the $350 mark per week – giving a return of 3.14% based on the median price in Suburb

Metrics i HOUSE UNIT
$832,500 $580,000
5.51% -2.93%
13.27% 1.75%
9.10% 7.45%
$400 $350
158 137
2.50% 3.14%
69.94 100.05

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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