Suburb Profile Report for Altona VIC (3018)

Altona House: Median price $820,000, Annual capital growth 8.80%, Number of sales 140, Weekly median advertised rent $400

Altona Unit: Median price $570,000, Annual capital growth 7.56%, Number of sales 123, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Altona, 3018 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.69%

Taking the average capital gain, or increase in median house value, Altona,3018 has racked up an average of 14.69% over the period. This ranks it number 567th 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 -3.64%. This puts suburb at number 534th in VIC when ranking the most discounted suburbs.

Over the last year, property investments in Altona, 3018 have given investors a capital gain of 4.59%. This compares averagely with the 3.11% for VIC as a whole.

Over the longer term, Altona has seen property prices show investors a 22.98% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Altona 3018 should be seeing an average reduction in asking price of around -4.32% . This means that Altona is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

HOUSE UNIT
$820,000 $570,000
5.13% 0.00%
14.69% 4.59%
8.80% 7.56%
$400 $340
140 123
2.54% 3.10%
79.68 95.63

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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