Suburb Profile Report for Altona North VIC (3025)

Altona North House: Median price $723,500, Annual capital growth 9.56%, Number of sales 156, Weekly median advertised rent $400

Altona North Unit: Median price $536,250, Annual capital growth 8.88%, Number of sales 71, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.06% which means that Altona North, 3025 has done well for property investors by showing a capital gain of 12.17% over the last year

Altona North,3025 was ranked 1728 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Altona North is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 268th in terms of most discounted suburbs in VIC

Situated 10.02km from the CBD, Altona North is one of Hobsons Bay localities in the postcode 3025.

With a capital gain of -0.69% for the last 12 months, Altona North, 3025 has performed for property investments than its average annual 8.88% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Altona North has given property investors a paper return of 0.48%. This puts Suburb as 171 on a list of fastest fasting appreciating suburbs in VIC

Altona North3025 is located in VIC which offers an average discount of -5.12% to property investors. Altona North itself is showing figures that indicate -6.41% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $350 mark per week – giving a return of 3.39% based on the median price in Suburb

HOUSE UNIT
$723,500 $536,250
1.90% 0.48%
12.17% -0.69%
9.56% 8.88%
$400 $350
156 71
2.87% 3.39%
58.73 90.14

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 11378
Median household income ($/weekly) 910
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1235 10.9
    25-34 years 1743 15.3
    35-44 years 1589 14.0
    45-54 years 1126 9.9
    65-74 years 1235 10.9
    Others 4451 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 4057 48.9
    Not Married 3722 44.8
    Defacto Relationship 520 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5824 56.0
    Hong Kong 466 4.5
    Japan 640 6.1
    Malaysia 479 4.6
    Other 629 6.0
    Others 2370 22.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 455 4.5
    Christianity 6283 61.7
    Hinduism 103 1.0
    Islam 1757 17.3
    No Religion 1481 14.6
    Others 96 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 382 10.7
    $400-$599 519 14.5
    $600-$799 378 10.6
    $800-$999 325 9.1
    $1,500-$1,999 363 10.2
    Others 1602 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4071 48.7
    Employed, worked full-time 2562 30.6
    Employed, worked part-time 1132 13.5
    Unemployed, looking for work 304 3.6
    Employed, away from work 295 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 715 17.9
    Technicians & trades workers 608 15.3
    Clerical & administrative workers 556 14.0
    Machinery operators & drivers 414 10.4
    Labourers 482 12.1
    Others 1210 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 154 7.6
    Infants/Primary 691 33.9
    Secondary 579 28.4
    Technical or Further Educational Institution 186 9.1
    University or other Tertiary Institutions 314 15.4
    Others 115 5.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8792 85.1
    Semi-detached, row or terrace house, townhouse 963 9.3
    Flat, unit or apartment 550 5.3
    House or flat attached to a shop, office 23 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1801 46.8
    Rented 1097 28.5
    Being purchased 931 24.2
    Other tenure type 22 0.6
    Tenure Type
Census 2011, ABS
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