Suburb Profile Report for Alphington VIC (3078)

Alphington House: Median price $1,782,500, Annual capital growth 9.73%, Number of sales 43, Weekly median advertised rent $578

Alphington Unit: Median price $599,999, Annual capital growth 9.09%, Number of sales 47, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

Alphington is in the TOP 20% 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 21.26%.

If we look at median property appreciation over just the last three months, Alphington has given property investors a paper return of 6.18%. This puts Suburb as 80 on a list of fastest fasting appreciating suburbs in VIC

At number 574th of VIC’s most discounted properties, Alphington is in the TOP 10% of the state/territory when listing in order of most discounted to least.

In the last year 43 properties changed hands in Alphington, which puts it as the 468th most active market in VIC when comparing the number of sales per suburb.

Situated 7.01km from the CBD, Alphington is one of Darebin localities in the postcode 3078.

VIC has seen average median house prices change by 5.66% which means that Alphington, 3078 has done well for property investors by showing a capital gain of -7.69% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Alphington has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Alphington should be aiming for at least -5.65% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.

Situated 6.52km from the CBD, Alphington is one of Darebin localities in the postcode 3078.

Metrics i HOUSE UNIT
$1,782,500 $599,999
6.18% -4.76%
21.26% -7.69%
9.73% 9.09%
$578 $375
43 47
1.68% 3.25%
40 60.39

Source: CoreLogic

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