Altona North vs Mount Richmond
Property investment comparison - Altona North, VIC 3025 vs Mount Richmond, VIC 3305
Head-to-head across core investment metrics: Altona North wins 3, Mount Richmond wins 0. 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.
| Metric | Altona North | Mount Richmond |
|---|---|---|
| Median house price | $960K | $965K |
| Median unit price | $730K | - |
| Gross rental yield (houses) | 3.70% | 2.97% |
| Gross rental yield (units) | 4.45% | - |
| 1-year house growth | +3.2% | - |
| 3-year house growth | +8.2% | - |
| Vacancy rate | 1.0% | 2.4% |
| Population | 12,962 | 42 |
Altona North vs Mount Richmond: what the numbers say
The median house price is $960K in Altona North and $965K in Mount Richmond, so Altona North is the cheaper entry point, with Mount Richmond houses about 1% dearer.
On cash flow, Altona North leads: houses there return a gross rental yield of 3.70%, compared with 2.97% in Mount Richmond, a gap of 0.73 percentage points.
Rental vacancy is 1.0% in Altona North and 2.4% in Mount Richmond, so landlords in Altona North 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 42, roughly 309 times the size of Mount Richmond; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Altona North for rental income, Altona North for a lower purchase price, Altona North 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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Mount Richmond, VIC 3305
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