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.