Suburb Profile Report for Altona North VIC (3025)

Altona North House: Median price $797,500, Annual capital growth 10.56%, Number of sales 161, Weekly median advertised rent $430

Altona North Unit: Median price $536,250, Annual capital growth 6.79%, Number of sales 67, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$797,500 $536,250
6.33% -0.69%
17.24% -0.69%
10.56% 6.79%
$430 $360
161 67
2.80% 3.49%
56.97 72.76

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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