Suburb Profile Report for Alphington VIC (3078)

Alphington House: Median price $1,540,000, Annual capital growth 9.11%, Number of sales 54, Weekly median advertised rent $650

Alphington Unit: Median price $650,000, Annual capital growth 11.15%, 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

With a capital gain of 21.12% for the last 12 months, Alphington, 3078 has performed for property investments than its average annual 9.11% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Alphington,3078 has racked up an average of 21.12% over the period. This ranks it number 723th in the whole country for real estate investors looking at median house price increases.

Alphington, 3078 is offering VIC ‘s 623th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

In the last year 54 properties changed hands in Alphington, which puts it as the 415th most active market in VIC when comparing the number of sales per suburb.

Property investors who have had real estate in Alphington, 3078 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.98%

Taking the average capital gain, or increase in median house value, Alphington,3078 has racked up an average of 9.98% over the period. This ranks it number 470th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Alphington are currently offering property investors an average price cut of -4.02% below the asking price at the moment.

At number 405 in a list of fastest selling suburbs, Alphington is in the TOP 30% of suburbs in Australia with an average of days on market 60.37 for properties listed there.

A $370 per week rent on the median house gives suburb investors a gross yield of circa 2.96%, without taking into account capital value appreciation, which has been averaging out at 11.15%.

HOUSE UNIT
$1,540,000 $650,000
8.45% -0.38%
21.12% 9.98%
9.11% 11.15%
$650 $370
54 40
2.19% 2.96%
52.88 60.37

Source: CoreLogic

DSR Score for property investment : Above average (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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