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Altona North, VIC 3025

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Altona North, VIC 3025 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Altona North, VIC 3025”

  1. The total adult population (15 years or older) of Altona North 3025 VIC is 10,339, with a median age of 37. Of those, 44.53% are married, 11.06% are divorced or separated, 36.28% are single and 8.18% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,548. The median monthly mortgage repayment for households in this suburb is $2,167 which is 25.35% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Altona North 3025 is situated in Victoria and is home to approximately 7077 households. As we move through Q3 of 2023, the typical house price in Altona North 3025 has been estimated at $904,319, while the median weekly rent stands at $552. This pricing structure produces an indicative yield of 3.17% – good news for cashflow-centred property investors.

    The socio-economic status of the suburb, as indicated by the IRSAD score, stands at 990 out of a possible 1217, demonstrating the area’s relative economic robustness and attractiveness to skilled professionals. When we dive deeper into the market composition, we see that the renter to owner ratio is 31%, with the units to houses ratio pegged at a favourable 19%. Although the affordability index for houses is above our desired range at 41 years, this can be offset by favourable values in other metrics.

    In terms of supply metrics, the stock on market Percentage for houses is 0.38%, indicating a market that leans towards low supply – a promising sign for property investors. Moreover, the area’s ability to absorb new listings seems efficient with an inventory level for houses at 1.41 months. This is further underlined by the building approvals Ratio for houses standing at a favourable 0.71%.

    Turning to demand metrics, the days on market for houses is 44, which falls within neutral demand levels. The Vacancy Rate, inclusive of both houses and units, is a favourable 1.1%, indicating high demand. However, a buy search index for houses at 3 does imply limited market demand, which will need to be overlooked considering other promising signs.

    Investors should remember that individual metric values, their trends and interplays are paramount. Despite a few less than ideal metrics such as a high affordability index and a low Buy Search Index, the overall balance tilts favorably towards investing in Altona North 3025, given the multitude of metrics within favourable ranges. Regularly consulting this type of data can greatly aid in making informed investment decisions. Additionally, further automation of research can be sought using HtAG Analytics’ RCS (Relative Composite Score) metric which considers over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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