Suburb Profile Report for Altona North VIC (3025)

Altona North House: Median price $770,000, Annual capital growth 10.15%, Number of sales 158, Weekly median advertised rent $420

Altona North Unit: Median price $537,500, Annual capital growth 7.51%, Number of sales 68, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Altona North have tracked just higher than the VIC average of 9.78% over the last 12 months.

The five-year average increase in median property values for Altona North,3025 has given property investors a potential capital gain of 50.98% across each of those five years.

At number 439th of VIC’s most discounted properties, Altona North is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Altona North have been waiting around 48.58 days to sell a property.

The VIC suburb of Altona North, 3025 is in the Hobsons Bay local government area.

Altona North, 3025 ranked 269th in VIC when comparing growth in median property values or capital gain over the last 12 months. Altona North is one of 2098 in our list for VIC

A 28.74% growth in median value for property investors in Altona North,3025 puts this suburb at number 298th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Altona North should be aiming for at least -6.76% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.

Renters in Suburb are facing rents around $4440 per annum or $370 every week.

Metrics i HOUSE UNIT
$770,000 $537,500
3.36% -2.05%
13.99% -0.46%
10.15% 7.51%
$420 $370
158 68
2.84% 3.58%
48.58 67.47

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Altona North VIC
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
Chart Table
Recent sales & rentals