Giving property investors a a solid capital gain of 14.13% for the last year, Altona Meadows, 3028 is the 701th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Altona Meadows has given property investors a paper return of 2.04%. This puts Suburb as 352 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Altona Meadows itself are offering an average vendor discount of -4.00% to real estate investors.
With the median price for a house in Altona Meadows being $525000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.47%
Altona Meadows, 3028 ranked 190th in VIC when comparing growth in median property values or capital gain over the last 12 months. Altona Meadows is one of 2098 in our list for VIC
Altona Meadows,3028 has offered an average of 3.91% return per annum in house price rises to property investors over the last three years.
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 Meadows, 3028. Typically our figures indicate that -4.40% is being offered, which puts this VIC suburb at 970th most discounted overall in Australia.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.44%, without taking into account capital value appreciation, which has been averaging out at 5.46%.
There are many selling points of the suburb which include affordability, close proximity to the CBD, close proximity to the beach, easy access to the Zone 1 train station and a great family environment. Why would investors want to buy there? Investors typically look for good capital growth and secure tenants, which Altona Meadows offers.Full summary
Information supplied by:
Hunter French Real Estate
Main selling points:
There are many selling points of the suburb which include affordability, close proximity to the CBD, close proximity to the beach, easy access to the Zone 1 train station and a great family environment. Why would investors want to buy there? Investors typically look for good capital growth and secure tenants which Altona Meadows offers.
The properties in most demand are 3bed 2 bathroom homes with 2 living areas.
The types of homes that would best describe the suburb are contemporary.
Local shopping centre, sports complex, bicycle and walking tracks and public transport including train.
Main businesses and employers:
Hobson’s Bay has some of the largest heavy industries including Toyota, Mobil and Coles Myer.
I have recently noticed a shift in the council’s policy to allow more dense developments in the suburb of Altona which will attract more people to the area.
Best streets and areas:
Altona Bay is the most sort after location because of its proximity to the Altona Beach, proximity to the Cheetham wetlands and the larger more established homes.
The council has recently completed an upgrade of the Laverton Train station including more car spots top accommodate the increase in commuters.
Access to attractions:
Altona Meadows neighbours the Princess Freeway and Western Ring road offering easy access to all parts of Melbourne and regional areas.