Suburb Profile Report for Alphington VIC (3078)

Alphington House: Median price $1,757,000, Annual capital growth 8.83%, Number of sales 40, Weekly median advertised rent $600

Alphington Unit: Median price $615,000, Annual capital growth 6.07%, Number of sales 37, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

Alphington is in the bottom 40% 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 7.79%.

Alphington,3078 was ranked 2286 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Alphington are currently offering property investors an average price cut of -4.57% below the asking price at the moment.

Renters in Suburb are facing rents around $7200 per annum or $600 every week.

Alphington has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -5.38% to date .

While Alphington,3078 ranked number 142th in VIC for increase in median house value (annualised) increase, it is ranked 227th over the last 5 years.

Vendor discounting in Alphington is giving property investors an average Vendor Discount of around -7.25%. This puts suburb at number 30th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Metrics i HOUSE UNIT
$1,757,000 $615,000
0.00% 2.50%
7.79% -5.38%
8.83% 6.07%
$600 $420
40 37
1.78% 3.55%
64.37 59.13

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 4602
Median household income ($/weekly) 1759
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 592 12.9
    25-34 years 678 14.7
    35-44 years 720 15.6
    45-54 years 757 16.4
    55-64 years 520 11.3
    Others 1335 29.0
    Age Group
    Census Count Percent(%)
    Registered Married 1582 46.3
    Not Married 1407 41.2
    Defacto Relationship 428 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3454 77.6
    Hong Kong 108 2.4
    Japan 100 2.2
    United Kingdom 190 4.3
    Other 128 2.9
    Others 472 10.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 91 2.2
    Christianity 2268 53.8
    Hinduism 33 0.8
    Other Religious Groups 46 1.1
    No Religion 1738 41.2
    Others 43 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 189 12.1
    $2,000-$2,499 151 9.7
    $2,500-$2,999 185 11.8
    $3,000-$3,499 155 9.9
    $4,000 or more 119 7.6
    Others 765 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1574 43.9
    Not in the labour force 962 26.8
    Employed, worked part-time 836 23.3
    Employed, away from work 133 3.7
    Unemployed, looking for work 84 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 395 15.6
    Professionals 1064 42.0
    Technicians & trades workers 219 8.6
    Clerical & administrative workers 317 12.5
    Sales 180 7.1
    Others 360 14.2
    Occupation
    Census Count Percent(%)
    Pre-school 99 7.9
    Infants/Primary 403 32.1
    Secondary 320 25.5
    Technical or Further Educational Institution 70 5.6
    University or other Tertiary Institutions 326 25.9
    Others 39 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3267 75.3
    Flat, unit or apartment 637 14.7
    Semi-detached, row or terrace house, townhouse 431 9.9
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 581 34.0
    Being purchased 579 33.9
    Rented 548 32.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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