Suburb Profile Report for Altona North VIC (3025)

Altona North House: Median price $760,000, Annual capital growth 10.11%, Number of sales 153, Weekly median advertised rent $410

Altona North Unit: Median price $565,000, Annual capital growth 7.82%, 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

Investment property in Altona North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.80%

When looking at the potential capital gains offered to property investors over the last 3 years, Altona North comes in at number 137th in VIC.

LACK OF BUYER INTEREST may well be the reason that Altona North is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 327th in terms of most discounted suburbs in VIC

At number 560 in a list of fastest selling suburbs, Altona North is in the TOP 20% of suburbs in Australia with an average of days on market 49.4 for properties listed there.

Property investors should expect to get $410 weekly from the median priced house in this suburb.

VIC has seen average median house prices change by 4.28% which means that Altona North, 3025 has done well for property investors by showing a capital gain of 4.63% over the last year

Altona North,3025 has offered an average of 4.63% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Altona North should be aiming for at least -6.59% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $350 mark per week – giving a return of 3.22% based on the median price in Suburb

Metrics i HOUSE UNIT
$760,000 $565,000
3.40% 4.05%
14.80% 4.63%
10.11% 7.82%
$410 $350
153 71
2.81% 3.22%
49.4 71.48

Source: CoreLogic

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