Suburb Profile Report for Alphington VIC (3078)

Alphington House: Median price $1,542,000, Annual capital growth 8.39%, Number of sales 39, Weekly median advertised rent $810

Alphington Unit: Median price $711,000, Annual capital growth 9.78%, Number of sales 25, Weekly median advertised rent $468

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Alphington has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.35%

The five-year average increase in median property values for Alphington,3078 has given property investors a potential capital gain of 46.86% across each of those five years.

At number 1838 in a list of fastest selling suburbs, Alphington is just in the bottom half of suburbs in Australia with an average of days on market 77.5714 for properties listed there.

Using the current median advertised rental of $810 and the average annual increase in value of a median property of 8.39%, investors should hope to achieve an overall return of 2.73%

Giving property investors a an average capital gain of -2.74% for the last year, Alphington, 3078 is the 788th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Alphington has given property investors a paper return of -7.78%. This puts Suburb as 322 on a list of fastest fasting appreciating suburbs in VIC

Alphington3078 is located in VIC which offers an average discount of -6.31% to property investors. Alphington itself is showing figures that indicate -3.54% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Alphington the average time real estate has been on the market is 59 days.

Using the current median advertised rental of $467.5 and the average annual increase in value of a median property of 9.78%, investors should hope to achieve an overall return of 3.42%

Metrics i HOUSE UNIT
$1,542,000 $711,000
-9.29% -7.78%
-10.35% -2.74%
8.39% 9.78%
$810 $468
39 25
2.73% 3.42%
77.5714285714286 59

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (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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