Suburb Profile Report for Altona VIC (3018)

Altona House: Median price $782,500, Annual capital growth 8.52%, Number of sales 158, Weekly median advertised rent $395

Altona Unit: Median price $580,000, Annual capital growth 7.10%, Number of sales 133, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Altona has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.68% to date .

While Altona,3018 ranked number 621th in VIC for increase in median house value (annualised) increase, it is ranked 145th over the last 5 years.

Our latest figures would indicate that property sellers in Altona are currently offering property investors an average price cut of -3.64% below the asking price at the moment.

On average over the past year, suburb has had 13.17 sales per month, which equates to 158 per year.

Using the current median advertised rental of $395 and the average annual increase in value of a median property of 8.52%, investors should hope to achieve an overall return of 2.62%

If you compare the increase in value of investment property in Altona, 3018 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.32%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Altona has increased when compared to the 5 year average annual rate.

Altona3018 is located in VIC which offers an average discount of -5.13% to property investors. Altona itself is showing figures that indicate -4.12% is the average achievable by property buyers investing in the suburb.

Metrics i HOUSE UNIT
$782,500 $580,000
-3.40% 0.52%
8.68% 6.32%
8.52% 7.10%
$395 $350
158 133
2.62% 3.14%
80.17 105.83

Source: CoreLogic

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