Suburb Profile Report for Altona North VIC (3025)

Altona North House: Median price $705,000, Annual capital growth 9.39%, Number of sales 165, Weekly median advertised rent $398

Altona North Unit: Median price $535,000, Annual capital growth 7.41%, Number of sales 65, Weekly median advertised rent $348

  • 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 13.07%

Across a shorter period, Altona North, 3025 has seen a median price increase of 3.68% over the last quarter.

Property investors looking for a bargain in Altona North should be aiming for at least -5.18% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 10.12km from the CBD, Altona North is one of Hobsons Bay localities in the postcode 3025.

Over the last year, property investments in Altona North, 3025 have given investors a capital gain of -1.11%. This compares badly with the 3.63% for VIC as a whole.

Over the longer term, Altona North has seen property prices show investors a 21.59% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Altona North are currently offering property investors an average price cut of -9.97% below the asking price at the moment.

In the last year 65 properties changed hands in Altona North, which puts it as the 145th most active market in VIC when comparing the number of sales per suburb.

HOUSE UNIT
$705,000 $535,000
3.68% -0.93%
13.07% -1.11%
9.39% 7.41%
$398 $348
165 65
2.93% 3.38%
55.47 90.27

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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Recent sales & rentals