Suburb Profile Report for Altona VIC (3018)

Altona House: Median price $825,000, Annual capital growth 9.11%, Number of sales 153, Weekly median advertised rent $400

Altona Unit: Median price $580,000, Annual capital growth 7.20%, Number of sales 130, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 793th in the list of Australian suburbs ordered by increase in median house value over the last year, Altona, 3018 is in the top 20% with a property value increase of 13.79% recorded in median house prices.

Comparing Altona,3018 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Altona is giving property investors an average Vendor Discount of around -3.59%. This puts suburb at number 523th in VIC when ranking the most discounted suburbs.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 2.52%, without taking into account capital value appreciation, which has been averaging out at 9.11%.

Property value increases in Altona have tracked close to the VIC average of 4.28% over the last 12 months.

Over the longer term, Altona has seen property prices show investors a 24.46% 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 -4.10% below the asking price at the moment.

Metrics i HOUSE UNIT
$825,000 $580,000
1.85% 0.00%
13.79% 5.45%
9.11% 7.20%
$400 $350
153 130
2.52% 3.14%
67.81 106.19

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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