Suburb Profile Report for Alphington VIC (3078)

Alphington House: Median price $1,700,000, Annual capital growth 8.31%, Number of sales 37, Weekly median advertised rent $690

Alphington Unit: Median price $600,000, Annual capital growth 6.82%, Number of sales 28, Weekly median advertised rent $400

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

Alphington, 3078 ranked 624th in VIC when comparing growth in median property values or capital gain over the last 12 months. Alphington is one of 2098 in our list for VIC

When looking at the potential capital gains offered to property investors over the last 3 years, Alphington comes in at number 212th in VIC.

Property buyers and investors in Alphington 3078 should be seeing an average reduction in asking price of around -8.20% . This means that Alphington is holding prices well when compared to other suburbs in VIC.

At number 92 in a list of fastest selling suburbs, Alphington is in the TOP 10% of suburbs in Australia with an average of days on market 30.16 for properties listed there.

Using the current median advertised rental of $690 and the average annual increase in value of a median property of 8.31%, investors should hope to achieve an overall return of 2.11%

Alphington, 3078 ranked 319th in VIC when comparing growth in median property values or capital gain over the last 12 months. Alphington is one of 2098 in our list for VIC

Alphington,3078 has offered an average of -4.76% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Alphington is offering property investors an average of -4.65. This rate of discount on properties puts Suburb at number 9th in terms of most discounted suburbs in VIC

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.47%, without taking into account capital value appreciation, which has been averaging out at 6.82%.

Metrics i HOUSE UNIT
$1,700,000 $600,000
-2.80% N/A
-2.61% -4.76%
8.31% 6.82%
$690 $400
37 28
2.11% 3.47%
30.16 60.55

Source: CoreLogic

DSR Score for property investment : Above average (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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