Suburb Profile Report for Altona North VIC (3025)

Altona North House: Median price $850,000, Annual capital growth 7.89%, Number of sales 150, Weekly median advertised rent $430

Altona North Unit: Median price $629,000, Annual capital growth 7.91%, Number of sales 70, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 6.25% for the last 12 months, Altona North, 3025 has performed for property investments than its average annual 7.89% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Altona North comes in at number 211th in VIC.

The most recent median price for Altona North is $850000, with sellers offering an average of -5.09% off the asking price.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 7.89%, investors should hope to achieve an overall return of 2.63%

Investment property in Altona North 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 8.45%

Altona North,3025 has offered an average of 8.45% return per annum in house price rises to property investors over the last three years.

The most recent median price for Altona North is $629000, with sellers offering an average of -7.27% off the asking price.

Often selling an investment property can take time, and in Altona North the average time real estate has been on the market is 95.22 days.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$850,000 $629,000
1.19% -0.94%
6.25% 8.45%
7.89% 7.91%
$430 $400
150 70
2.63% 3.31%
72.11 95.22

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 11378
Median household income ($/weekly) 910
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1235 10.9
    25-34 years 1743 15.3
    35-44 years 1589 14.0
    45-54 years 1126 9.9
    65-74 years 1235 10.9
    Others 4451 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 4057 48.9
    Not Married 3722 44.8
    Defacto Relationship 520 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5824 56.0
    Hong Kong 466 4.5
    Japan 640 6.1
    Malaysia 479 4.6
    Other 629 6.0
    Others 2370 22.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 455 4.5
    Christianity 6283 61.7
    Hinduism 103 1.0
    Islam 1757 17.3
    No Religion 1481 14.6
    Others 96 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 382 10.7
    $400-$599 519 14.5
    $600-$799 378 10.6
    $800-$999 325 9.1
    $1,500-$1,999 363 10.2
    Others 1602 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4071 48.7
    Employed, worked full-time 2562 30.6
    Employed, worked part-time 1132 13.5
    Unemployed, looking for work 304 3.6
    Employed, away from work 295 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 715 17.9
    Technicians & trades workers 608 15.3
    Clerical & administrative workers 556 14.0
    Machinery operators & drivers 414 10.4
    Labourers 482 12.1
    Others 1210 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 154 7.6
    Infants/Primary 691 33.9
    Secondary 579 28.4
    Technical or Further Educational Institution 186 9.1
    University or other Tertiary Institutions 314 15.4
    Others 115 5.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8792 85.1
    Semi-detached, row or terrace house, townhouse 963 9.3
    Flat, unit or apartment 550 5.3
    House or flat attached to a shop, office 23 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1801 46.8
    Rented 1097 28.5
    Being purchased 931 24.2
    Other tenure type 22 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals