Suburb Profile Report for Alphington VIC (3078)

Alphington House: Median price $1,370,000, Annual capital growth 8.50%, Number of sales 49, Weekly median advertised rent $650

Alphington Unit: Median price $650,000, Annual capital growth 10.70%, Number of sales 40, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Alphington 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 14.17%

Alphington,3078 was ranked 446 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Alphington is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 625th in terms of most discounted suburbs in VIC

The VIC suburb of Alphington, 3078 is in the Darebin local government area.

Investment property in Alphington has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.43%

Across a shorter period, Alphington, 3078 has seen a median price increase of 9.98% over the last quarter.

Property investors looking for a bargain in Alphington should be aiming for at least -3.80% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Alphington have been waiting around 57.88 days to sell a property.

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 10.70%, investors should hope to achieve an overall return of 2.96%

HOUSE UNIT
$1,370,000 $650,000
5.38% 9.98%
14.17% 9.43%
8.50% 10.70%
$650 $370
49 40
2.47% 2.96%
59.38 57.88

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4602
Median household income ($/weekly) 1759
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 592 12.9
    25-34 years 678 14.7
    35-44 years 720 15.6
    45-54 years 757 16.4
    55-64 years 520 11.3
    Others 1335 29.0
    Age Group
    Census Count Percent(%)
    Registered Married 1582 46.3
    Not Married 1407 41.2
    Defacto Relationship 428 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3454 77.6
    Hong Kong 108 2.4
    Japan 100 2.2
    United Kingdom 190 4.3
    Other 128 2.9
    Others 472 10.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 91 2.2
    Christianity 2268 53.8
    Hinduism 33 0.8
    Other Religious Groups 46 1.1
    No Religion 1738 41.2
    Others 43 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 189 12.1
    $2,000-$2,499 151 9.7
    $2,500-$2,999 185 11.8
    $3,000-$3,499 155 9.9
    $4,000 or more 119 7.6
    Others 765 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1574 43.9
    Not in the labour force 962 26.8
    Employed, worked part-time 836 23.3
    Employed, away from work 133 3.7
    Unemployed, looking for work 84 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 395 15.6
    Professionals 1064 42.0
    Technicians & trades workers 219 8.6
    Clerical & administrative workers 317 12.5
    Sales 180 7.1
    Others 360 14.2
    Occupation
    Census Count Percent(%)
    Pre-school 99 7.9
    Infants/Primary 403 32.1
    Secondary 320 25.5
    Technical or Further Educational Institution 70 5.6
    University or other Tertiary Institutions 326 25.9
    Others 39 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3267 75.3
    Flat, unit or apartment 637 14.7
    Semi-detached, row or terrace house, townhouse 431 9.9
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 581 34.0
    Being purchased 579 33.9
    Rented 548 32.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals