Altona North vs Tetoora Road
Property investment comparison - Altona North, VIC 3025 vs Tetoora Road, VIC 3821
Head-to-head across core investment metrics: Altona North wins 2, Tetoora Road wins 1. 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 | Tetoora Road |
|---|---|---|
| Median house price | $960K | $955K |
| Median unit price | $730K | - |
| Gross rental yield (houses) | 3.70% | 3.17% |
| Gross rental yield (units) | 4.45% | - |
| 1-year house growth | +3.2% | - |
| 3-year house growth | +8.2% | - |
| Vacancy rate | 1.0% | 12.7% |
| Population | 12,962 | 93 |
Altona North vs Tetoora Road: what the numbers say
The median house price is $960K in Altona North and $955K in Tetoora Road, so Tetoora Road is the cheaper entry point, with Altona North houses about 1% dearer.
On cash flow, Altona North leads: houses there return a gross rental yield of 3.70%, compared with 3.17% in Tetoora Road, a gap of 0.53 percentage points.
Rental vacancy is 1.0% in Altona North and 12.7% in Tetoora Road, 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 93, roughly 139 times the size of Tetoora Road; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Altona North for rental income, Tetoora Road 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.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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