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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 $1,125,000 and this has changed 5.88% over the past year and changed 7.14% over 2 years.

The median rent in Altona for houses is $595 per week and the median rental yield is 2.75%. Stock on the market for houses/townhouses has changed -16.67% compared to last year and the average time to sell a house/townhouse is 63 days.The median listing price for units is $620,000 and this has changed 2.47% over the past year. The average unit takes 123 days to sell and the median rent for a unit in Altona is $450 per week, producing a rental yield of 3.77%.

Supply & Demand in Altona, Hobsons Bay

0.91%

Current vacancy rate


56

Rental stock available


10,767

Population


28.29%

Rental population


0.94%

Current vacancy rate


402

Rental stock available


88,778

Population


26.21%

Rental population


0.93%

Current vacancy rate


28,886

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 $1,125,000 $880,000 $620,000
Median price change - last quarter 4.54% 0.28% 3.27%
Median price change - 1 year 5.88% -1.02% 2.47%
Median price change - 2 years 7.14% 3.52% 1.63%
  House Townhouses Units
Median weekly rent $595 $675 $450
Median yield % 2.75% 3.98% 3.77%
Median rent change - 1 year 8.18% 7.14% 9.75%
  House Units
Previous month sales 8 9
Stock on market previous month 60 44
Stock variance vs. last year -16.67% -10.20%
Average days on market 63 123

Altona investment property listings

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