With a capital gain of -7.19% for the last 12 months, Altona North, 3025 has performed for property investments than its average annual 7.22% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Altona North has given property investors a paper return of 0.22%. This puts Suburb as 383 on a list of fastest fasting appreciating suburbs in VIC
At number 245th of VIC’s most discounted properties, Altona North is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 9.58 sales per month, which equates to 115 per year.
Altona North, 3025’s gross rental yield is 2.95%
Property investors who have had real estate in Altona North, 3025 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.37%
Over the longer term, Altona North has seen property prices show investors a 23.78% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Altona North is offering property investors an average of -6.33. This rate of discount on properties puts Suburb at number 113th in terms of most discounted suburbs in VIC
In the last year 46 properties changed hands in Altona North, which puts it as the 148th most active market in VIC when comparing the number of sales per suburb.
Altona North, 3025’s gross rental yield is 3.80%