Giving property investors a a stable capital gain of 10.39% for the last year, Altona, 3018 is the 1435th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Altona,3018 has racked up an average of 10.39% over the period. This ranks it number 1071th 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 -3.27%. This puts suburb at number 526th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 9.14%, investors should hope to achieve an overall return of 2.52%
Altona, 3018 ranked 183th 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
Altona,3018 has offered an average of 5.25% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Altona is offering property investors an average of -4.83. This rate of discount on properties puts Suburb at number 239th in terms of most discounted suburbs in VIC
At number 1073 in a list of fastest selling suburbs, Altona is in the bottom 30% of suburbs in Australia with an average of days on market 94.64 for properties listed there.
Situated 14.01km from the CBD, Altona is one of Hobsons Bay localities in the postcode 3018.
The home of the popular Altona Beach, the suburb of Altona is making waves as a fast growing suburb near the CBD.Full summary
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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.
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