Suburb Profile Report for Altona North VIC (3025)

Altona North House: Median price $735,000, Annual capital growth 9.82%, Number of sales 147, Weekly median advertised rent $400

Altona North Unit: Median price $545,250, Annual capital growth 7.56%, Number of sales 76, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Altona North have tracked just higher than the VIC average of 8.27% over the last 12 months.

Across a shorter period, Altona North, 3025 has seen a median price increase of 2.08% over the last quarter.

The most recent median price for Altona North is $735000, with sellers offering an average of -5.52% off the asking price.

With the median price for a house in Altona North being $735000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.83%

Over the last year, property investments in Altona North, 3025 have given investors a capital gain of 1.44%. This compares averagely with the 3.49% for VIC as a whole.

If we look at median property appreciation over just the last three months, Altona North has given property investors a paper return of 1.68%. This puts Suburb as 115 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Altona North is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 91th in terms of most discounted suburbs in VIC

At number 978 in a list of fastest selling suburbs, Altona North is in the bottom 40% of suburbs in Australia with an average of days on market 89.82 for properties listed there.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

Metrics i HOUSE UNIT
$735,000 $545,250
2.08% 1.68%
13.08% 1.44%
9.82% 7.56%
$400 $350
147 76
2.83% 3.34%
46.44 89.82

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
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Recent sales & rentals