At number 3678th in the list of Australian suburbs ordered by increase in median house value over the last year, Alphington, 3078 is in the BOTTOM 20% with a property value increase of -8.82% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Alphington,3078 has racked up an average of -8.82% over the period. This ranks it number 709th in the whole country for real estate investors looking at median house price increases.
On average over the past year, suburb has had 3.33 sales per month, which equates to 40 per year.
Property investors should expect to get $800 weekly from the median priced house in this suburb.
Alphington is in the bottom 10% in VIC when comparing median price capital growth over the last year. Alphington gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.34%.
While Alphington,3078 ranked number 241th in VIC for increase in median house value (annualised) increase, it is ranked 279th over the last 5 years.
Residents and property investors in Alphington have been waiting around 55.3636 days to sell a property.
Alphington, 3078’s gross rental yield is 3.61%
Information supplied by:
Alphington, VIC – Vacancies are exceptionally tight
Median unit price: $810,000
Vacancy rate: 1.2%
Three-year growth: 19.6%
The suburb of Alphington sits 7km northeast of the Melbourne CBD, and has vast areas of open spaces that attract residents.
The Darebin Parklands and Alphington Park are great spots for recreation, and Alphington railway station is surrounded by River Red Gum trees. The suburb is bounded by the Yarra River and Darebin Creek, and there are revegetated wetlands south of Heidelberg Road. The Melbourne Innovation Centre has been established near the railway station, and infrastructure projects are in the pipeline to add more amenities to this premium suburb.
Alphington Grammar School, Alphington Primary School and St Anthony’s Primary School are located within the suburb. The northern pocket of the suburb is also within the Fairfield Primary School zone.