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 13.18%
Taking the average capital gain, or increase in median house value, Altona North,3025 has racked up an average of 13.18% over the period. This ranks it number 771th in the whole country for real estate investors looking at median house price increases.
At number 261th of VIC’s most discounted properties, Altona North is in the middle of the state/territory when listing in order of most discounted to least.
The VIC suburb of Altona North, 3025 is in the Hobsons Bay local government area.
Altona North is in the bottom 40% in VIC when comparing median price capital growth over the last year. Altona North gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.69%.
If we look at median property appreciation over just the last three months, Altona North has given property investors a paper return of 0.23%. This puts Suburb as 200 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Altona North are currently offering property investors an average price cut of -7.23% below the asking price at the moment.
With the median price for a house in Altona North being $536250 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.39%