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.