Giving property investors a an unimpressive capital gain of -7.73% for the last year, Altona North, 3025 is the 3085th highest performer in Australia in this respect.
Comparing Altona North,3025 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Altona North is giving property investors an average Vendor Discount of around -7.11%. This puts suburb at number 237th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Altona North the average time real estate has been on the market is 95.5769 days.
Advertised rents are around the $450 mark per week – giving a return of 2.95% based on the median price in Suburb
Over the last year, property investments in Altona North, 3025 have given investors a capital gain of -0.32%. This compares averagely with the 0.10% for VIC as a whole.
Over the longer term, Altona North has seen property prices show investors a 17.76% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Altona North should be aiming for at least -6.87% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $24440 per annum or $470 every week.