Suburb Profile Report for Alphington VIC (3078)

Alphington House: Median price $1,500,000, Annual capital growth 9.07%, Number of sales 51, Weekly median advertised rent $650

Alphington Unit: Median price $655,000, Annual capital growth 10.84%, Number of sales 38, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Alphington has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 23.46% to date .

Alphington,3078 has offered an average of 23.46% return per annum in house price rises to property investors over the last three years.

Alphington, 3078 is offering VIC ‘s 620th 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.

Often selling an investment property can take time, and in Alphington the average time real estate has been on the market is 55.12 days.

A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.25%, without taking into account capital value appreciation, which has been averaging out at 9.07%.

If you compare the increase in value of investment property in Alphington, 3078 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.83%.

Across a shorter period, Alphington, 3078 has seen a median price increase of 0.77% over the last quarter.

Property buyers and investors in Alphington 3078 should be seeing an average reduction in asking price of around -3.45% . This means that Alphington is holding prices well when compared to other suburbs in VIC.

At number 421 in a list of fastest selling suburbs, Alphington is in the TOP 30% of suburbs in Australia with an average of days on market 60.75 for properties listed there.

Situated 6.58km from the CBD, Alphington is one of Darebin localities in the postcode 3078.

HOUSE UNIT
$1,500,000 $655,000
4.17% 0.77%
23.46% 10.83%
9.07% 10.84%
$650 $380
51 38
2.25% 3.02%
55.12 60.75

Source: CoreLogic

DSR Score for property investment : Above average (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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