Suburb Profile Report for Altona North VIC (3025)

Altona North House: Median price $815,000, Annual capital growth 10.31%, Number of sales 145, Weekly median advertised rent $430

Altona North Unit: Median price $557,500, Annual capital growth 7.28%, Number of sales 68, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$815,000 $557,500
6.54% 2.29%
16.43% 3.24%
10.31% 7.28%
$430 $370
145 68
2.74% 3.45%
68.42 81.35

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Altona North VIC
Demographics
Total population 11378
Median household income ($/weekly) 910
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1235 10.9
    25-34 years 1743 15.3
    35-44 years 1589 14.0
    45-54 years 1126 9.9
    65-74 years 1235 10.9
    Others 4451 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 4057 48.9
    Not Married 3722 44.8
    Defacto Relationship 520 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5824 56.0
    Hong Kong 466 4.5
    Japan 640 6.1
    Malaysia 479 4.6
    Other 629 6.0
    Others 2370 22.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 455 4.5
    Christianity 6283 61.7
    Hinduism 103 1.0
    Islam 1757 17.3
    No Religion 1481 14.6
    Others 96 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 382 10.7
    $400-$599 519 14.5
    $600-$799 378 10.6
    $800-$999 325 9.1
    $1,500-$1,999 363 10.2
    Others 1602 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4071 48.7
    Employed, worked full-time 2562 30.6
    Employed, worked part-time 1132 13.5
    Unemployed, looking for work 304 3.6
    Employed, away from work 295 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 715 17.9
    Technicians & trades workers 608 15.3
    Clerical & administrative workers 556 14.0
    Machinery operators & drivers 414 10.4
    Labourers 482 12.1
    Others 1210 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 154 7.6
    Infants/Primary 691 33.9
    Secondary 579 28.4
    Technical or Further Educational Institution 186 9.1
    University or other Tertiary Institutions 314 15.4
    Others 115 5.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8792 85.1
    Semi-detached, row or terrace house, townhouse 963 9.3
    Flat, unit or apartment 550 5.3
    House or flat attached to a shop, office 23 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1801 46.8
    Rented 1097 28.5
    Being purchased 931 24.2
    Other tenure type 22 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals