Property investors who have had real estate in Altona North, 3025 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.43%
Comparing Altona North,3025 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -8.76% to buyers in Altona North at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Altona North the average time real estate has been on the market is 68.42 days.
With the median price for a house in Altona North being $815000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 2.74%
Altona North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 3.24% to date .
Across a shorter period, Altona North, 3025 has seen a median price increase of 2.29% over the last quarter.
Property investors looking for a bargain in Altona North should be aiming for at least -5.27% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 7.28%, investors should hope to achieve an overall return of 3.45%