Alphington has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -9.36% to date .
Across a shorter period, Alphington, 3078 has seen a median price increase of -2.52% over the last quarter.
Alphington is in the bottom 30% in VIC when comparing median price capital growth over the last year. Alphington gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.47%.
If we look at median property appreciation over just the last three months, Alphington has given property investors a paper return of -7.65%. This puts Suburb as 347 on a list of fastest fasting appreciating suburbs in VIC
A $495 per week rent on the median house gives suburb investors a gross yield of circa 3.62%, without taking into account capital value appreciation, which has been averaging out at 10.47%.
Information supplied by:
Alphington, VIC – Vacancies are exceptionally tight
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.