Suburb Profile Report for Altona VIC (3018)

Altona House: Median price $885,000, Annual capital growth 6.06%, Number of sales 130, Weekly median advertised rent $440

Altona Unit: Median price $620,000, Annual capital growth 6.15%, Number of sales 78, Weekly median advertised rent $440

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

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

  • Expert Report
  • House Report
  • Unit Report

Investment property in Altona has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.36%

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

Altona, 3018 is offering VIC ‘s 198th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

In the last year 130 properties changed hands in Altona, which puts it as the 171th most active market in VIC when comparing the number of sales per suburb.

Altona, 3018’s gross rental yield is 2.59%

Property value increases in Altona have tracked just higher than the VIC average of 6.11% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Altona comes in at number 289th in VIC.

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 Altona, 3018. Typically our figures indicate that -5.19% is being offered, which puts this VIC suburb at 717th most discounted overall in Australia.

In the last year 78 properties changed hands in Altona, which puts it as the 98th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Altona being $620000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.69%

Information supplied by:


June 2017

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The home of the popular Altona Beach, the suburb of Altona is making waves as a fast growing suburb near the CBD.

Both the house and unit markets have recorded price increases over the past 12 months, continuing a trend observed over the past five years. Houses performed considerably better with 13.6% growth, bringing the median price to over $850,000. 

Altona is a large suburb that accommodates both a residential side and an industrial pocket, which generates many employment opportunities. Commuters also have their pick of three railway stations, as well as buses and a weekday shuttle service. There are also many primary and secondary schools. 

Aside from the beach, the Hobsons Bay Coastal Trail is another nature-based attraction for cyclists. There are several parks and gardens as well. Melbourne Ballpark is situated just west of the suburb. 

Metrics i HOUSE UNIT
$885,000 $620,000
2.16% 1.02%
5.36% 7.83%
6.06% 6.15%
$440 $440
130 78
2.59% 3.69%
84.0246913580247 77.4126984126984

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 9918
Median household income ($/weekly) 1136
Median age of persons 42
Median housing loan repayment ($/monthly) 1790
Average household size 2.3
  • Census Count Percent(%)
    25-34 years 1359 13.7
    35-44 years 1513 15.3
    45-54 years 1370 13.8
    55-64 years 1220 12.3
    65-74 years 927 9.3
    Others 3529 35.6
    Age Group
    Census Count Percent(%)
    Registered Married 3734 47.3
    Not Married 3425 43.4
    Defacto Relationship 739 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6449 68.2
    Indonesia 242 2.6
    Netherlands 254 2.7
    United Kingdom 712 7.5
    Other 413 4.4
    Others 1387 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 197 2.2
    Christianity 6211 67.9
    Hinduism 157 1.7
    Islam 148 1.6
    No Religion 2324 25.4
    Others 105 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 349 9.3
    $400-$599 407 10.8
    $600-$799 366 9.7
    $800-$999 348 9.3
    $1,500-$1,999 455 12.1
    Others 1832 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3144 39.2
    Employed, worked full-time 3047 38.0
    Employed, worked part-time 1326 16.6
    Unemployed, looking for work 256 3.2
    Employed, away from work 238 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 541 11.7
    Professionals 1079 23.4
    Technicians & trades workers 659 14.3
    Community & personal service workers 414 9.0
    Clerical & administrative workers 812 17.6
    Others 1102 23.9
    Occupation
    Census Count Percent(%)
    Pre-school 133 7.2
    Infants/Primary 593 32.3
    Secondary 441 24.0
    Technical or Further Educational Institution 171 9.3
    University or other Tertiary Institutions 382 20.8
    Others 117 6.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7412 78.4
    Flat, unit or apartment 1154 12.2
    Semi-detached, row or terrace house, townhouse 864 9.1
    House or flat attached to a shop, office 19 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1783 44.1
    Rented 1225 30.3
    Being purchased 1021 25.2
    Other tenure type 16 0.4
    Tenure Type
Census 2011, ABS
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