Suburb Profile Report for Altona VIC (3018)

Altona House: Median price $856,000, Annual capital growth 8.79%, Number of sales 144, Weekly median advertised rent $400

Altona Unit: Median price $605,000, Annual capital growth 8.43%, Number of sales 128, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Altona has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.74% to date .

Altona,3018 was ranked 1370 in Australia by increase in median property value over the quarter.

At number 534th of VIC’s most discounted properties, Altona is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

Giving property investors a an average capital gain of 3.77% for the last year, Altona, 3018 is the 895th highest performer in Australia in this respect.

Over the longer term, Altona has seen property prices show investors a 29.97% return over the last 3 years. This is worse than over the last 12 months

Altona3018 is located in VIC which offers an average discount of -4.73% to property investors. Altona itself is showing figures that indicate -2.86% is the average achievable by property buyers investing in the suburb.

Altona, 3018’s gross rental yield is 3.09%

Information supplied by:


June 2017

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The home of the popular Altona Beach, the suburb of Altona is making waves as a fast growing suburb near the CBD.Full summary

The home of the popular Altona Beach, the suburb of Altona is making waves as a fast growing suburb near the CBD.

Both the house and unit markets have recorded price increases over the past 12 months, continuing a trend observed over the past five years. Houses performed considerably better with 13.6% growth, bringing the median price to over $850,000. 

Altona is a large suburb that accommodates both a residential side and an industrial pocket, which generates many employment opportunities. Commuters also have their pick of three railway stations, as well as buses and a weekday shuttle service. There are also many primary and secondary schools. 

Aside from the beach, the Hobsons Bay Coastal Trail is another nature-based attraction for cyclists. There are several parks and gardens as well. Melbourne Ballpark is situated just west of the suburb. 

Close
Metrics i HOUSE UNIT
$856,000 $605,000
2.73% 0.83%
9.74% 3.77%
8.79% 8.43%
$400 $360
144 128
2.43% 3.09%
63.48 96.2

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Altona VIC
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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