VIC has seen average median house prices change by 10.43% which means that Altona North, 3025 has done well for property investors by showing a capital gain of 17.24% over the last year
Over the longer term, Altona North has seen property prices show investors a 47.69% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Altona North itself are offering an average vendor discount of -4.28% to real estate investors.
Property investors should expect to get $430 weekly from the median priced house in this suburb.
At number 1181th in the list of Australian suburbs ordered by increase in median house value over the last year, Altona North, 3025 is in the BOTTOM 40% with a property value increase of -0.69% recorded in median house prices.
If we look at median property appreciation over just the last three months, Altona North has given property investors a paper return of -0.69%. This puts Suburb as 272 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Altona North, 3025. Typically our figures indicate that -6.92% is being offered, which puts this VIC suburb at 297th most discounted overall in Australia.
Often selling an investment property can take time, and in Altona North the average time real estate has been on the market is 72.76 days.
With the median price for a house in Altona North being $536250 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.49%