Suburb Profile Report for Alphington VIC (3078)

Alphington House: Median price $1,550,000, Annual capital growth 6.89%, Number of sales 40, Weekly median advertised rent $800

Alphington Unit: Median price $713,500, Annual capital growth 9.92%, Number of sales 34, Weekly median advertised rent $495

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

At number 3678th in the list of Australian suburbs ordered by increase in median house value over the last year, Alphington, 3078 is in the BOTTOM 20% with a property value increase of -8.82% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Alphington,3078 has racked up an average of -8.82% over the period. This ranks it number 709th in the whole country for real estate investors looking at median house price increases.

On average over the past year, suburb has had 3.33 sales per month, which equates to 40 per year.

Property investors should expect to get $800 weekly from the median priced house in this suburb.

Alphington is in the bottom 10% in VIC when comparing median price capital growth over the last year. Alphington gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.34%.

While Alphington,3078 ranked number 241th in VIC for increase in median house value (annualised) increase, it is ranked 279th over the last 5 years.

Residents and property investors in Alphington have been waiting around 55.3636 days to sell a property.

Alphington, 3078’s gross rental yield is 3.61%

Information supplied by:




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Alphington, VIC – Vacancies are exceptionally tight

Postcode: 3078

Median unit price: $810,000

Vacancy rate: 1.2%

Three-year growth: 19.6%

The suburb of Alphington sits 7km northeast of the Melbourne CBD, and has vast areas of open spaces that attract residents.

The Darebin Parklands and Alphington Park are great spots for recreation, and Alphington railway station is surrounded by River Red Gum trees. The suburb is bounded by the Yarra River and Darebin Creek, and there are revegetated wetlands south of Heidelberg Road. The Melbourne Innovation Centre has been established near the railway station, and infrastructure projects are in the pipeline to add more amenities to this premium suburb.

Alphington Grammar School, Alphington Primary School and St Anthony’s Primary School are located within the suburb. The northern pocket of the suburb is also within the Fairfield Primary School zone.

Metrics i HOUSE UNIT
$1,550,000 $713,500
-2.52% 0.00%
-8.82% -9.34%
6.89% 9.92%
$800 $495
40 34
2.68% 3.61%
86.4347826086957 55.3636363636364

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (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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