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Investment Property Altona, VIC, 3018

Suburb Snapshot

Altona is a suburb in the Hobsons Bay Region of Victoria. Altona has a population of 10,767 people and 28.29% of its occupants live in rental accommodation. The median listing price for houses is $1,150,000 and this has changed 9.52% over the past year and changed 8.49% over 2 years.

The median rent in Altona for houses is $590 per week and the median rental yield is 2.66%. Stock on the market for houses/townhouses has changed -20.00% compared to last year and the average time to sell a house/townhouse is 71 days.The median listing price for units is $630,000 and this has changed 5.00% over the past year. The average unit takes 131 days to sell and the median rent for a unit in Altona is $450 per week, producing a rental yield of 3.71%.

Supply & Demand in Altona, Hobsons Bay

0.83%

Current vacancy rate


51

Rental stock available


10,767

Population


28.29%

Rental population


0.86%

Current vacancy rate


370

Rental stock available


88,778

Population


26.21%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Altona, Hobsons Bay

  House Townhouses Units
Median listing price $1,150,000 $890,000 $630,000
Median price change - last quarter 4.54% 0.28% 3.27%
Median price change - 1 year 9.52% 0.11% 5.00%
Median price change - 2 years 8.49% 4.70% 5.00%
  House Townhouses Units
Median weekly rent $590 $675 $450
Median yield % 2.66% 3.94% 3.71%
Median rent change - 1 year 7.27% 8.00% 12.50%
  House Units
Previous month sales 6 4
Stock on market previous month 52 44
Stock variance vs. last year -20.00% -16.98%
Average days on market 71 131

Altona investment property listings

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