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Altona North vs Hotham Heights

Property investment comparison - Altona North, VIC 3025 vs Hotham Heights, VIC 3741

Head-to-head across core investment metrics: Altona North wins 2, Hotham Heights wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricAltona NorthHotham Heights
Median house price$960K$970K
Median unit price$730K$195K
Gross rental yield (houses)3.70%-
Gross rental yield (units)4.45%3.70%
1-year house growth+3.2%-
3-year house growth+8.2%-
Vacancy rate1.0%0.2%
Population12,962128

Altona North vs Hotham Heights: what the numbers say

The median house price is $960K in Altona North and $970K in Hotham Heights, so Altona North is the cheaper entry point, with Hotham Heights houses about 1% dearer.

For units, Altona North sits at a median of $730K against $195K in Hotham Heights, which makes Hotham Heights the more affordable unit market and Altona North the pricier one.

Rental vacancy is 0.2% in Hotham Heights and 1.0% in Altona North, so landlords in Hotham Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Altona North is the bigger suburb, with a population of 12,962 against 128, roughly 101 times the size of Hotham Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Altona North for a lower purchase price, Hotham Heights for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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