Over the last year, property investments in Altona North, 3025 have given investors a capital gain of 11.84%. This compares favourably with the 8.23% for VIC as a whole.
While Altona North,3025 ranked number 168th in VIC for increase in median house value (annualised) increase, it is ranked 206th over the last 5 years.
Property investors looking for a bargain in Altona North should be aiming for at least -5.42% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 158 properties changed hands in Altona North, which puts it as the 156th most active market in VIC when comparing the number of sales per suburb.
Altona North, 3025’s gross rental yield is 2.98%
Altona North is an average performer in VIC when comparing median price capital growth over the last year. Altona North gave property investors a average capital gain figure when compared to the rest of the state, with 4.13%.
Comparing Altona North,3025 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Altona North are currently offering property investors an average price cut of -11.03% below the asking price at the moment.
On average over the past year, suburb has had 3.83 sales per month, which equates to 46 per year.
Advertised rents are around the $345 mark per week – giving a return of 3.31% based on the median price in Suburb