Suburb Profile Report for Alphington VIC (3078)

Alphington House: Median price $1,610,000, Annual capital growth 9.52%, Number of sales 50, Weekly median advertised rent $650

Alphington Unit: Median price $650,000, Annual capital growth 10.83%, Number of sales 42, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

Alphington is in the TOP 10% in VIC when comparing median price capital growth over the last year. Alphington gave property investors a very good capital gain figure when compared to the rest of the state, with 30.63%.

Over the longer term, Alphington has seen property prices show investors a 57.07% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Alphington is $1610000, with sellers offering an average of 0.00% off the asking price.

Situated 6.83km from the CBD, Alphington is one of Darebin localities in the postcode 3078.

At number 402th in the list of Australian suburbs ordered by increase in median house value over the last year, Alphington, 3078 is in the top 30% with a property value increase of 9.80% recorded in median house prices.

The five-year average increase in median property values for Alphington,3078 has given property investors a potential capital gain of -5.80% across each of those five 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 Alphington, 3078. Typically our figures indicate that -4.02% is being offered, which puts this VIC suburb at 1083th most discounted overall in Australia.

On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.

Renters in Suburb are facing rents around $4260 per annum or $355 every week.

HOUSE UNIT
$1,610,000 $650,000
11.81% -0.76%
30.63% 9.80%
9.52% 10.83%
$650 $355
50 42
2.10% 2.84%
47.85 57.29

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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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