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 14.80%
When looking at the potential capital gains offered to property investors over the last 3 years, Altona North comes in at number 137th in VIC.
LACK OF BUYER INTEREST may well be the reason that Altona North is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 327th in terms of most discounted suburbs in VIC
At number 560 in a list of fastest selling suburbs, Altona North is in the TOP 20% of suburbs in Australia with an average of days on market 49.4 for properties listed there.
Property investors should expect to get $410 weekly from the median priced house in this suburb.
VIC has seen average median house prices change by 4.28% which means that Altona North, 3025 has done well for property investors by showing a capital gain of 4.63% over the last year
Altona North,3025 has offered an average of 4.63% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Altona North should be aiming for at least -6.59% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $350 mark per week – giving a return of 3.22% based on the median price in Suburb