Altona North vs Tolmie
Property investment comparison - Altona North, VIC 3025 vs Tolmie, VIC 3723
Head-to-head across core investment metrics: Altona North wins 3, Tolmie 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.
| Metric | Altona North | Tolmie |
|---|---|---|
| Median house price | $960K | $965K |
| Median unit price | $730K | $445K |
| Gross rental yield (houses) | 3.70% | 3.65% |
| Gross rental yield (units) | 4.45% | 9.45% |
| 1-year house growth | +3.2% | - |
| 3-year house growth | +8.2% | - |
| Vacancy rate | 1.0% | 3.7% |
| Population | 12,962 | 547 |
Altona North vs Tolmie: what the numbers say
The median house price is $960K in Altona North and $965K in Tolmie, so Altona North is the cheaper entry point, with Tolmie houses about 1% dearer.
For units, Altona North sits at a median of $730K against $445K in Tolmie, which makes Tolmie the more affordable unit market and Altona North the pricier one.
On cash flow, Altona North leads: houses there return a gross rental yield of 3.70%, compared with 3.65% in Tolmie, a gap of 0.05 percentage points.
Rental vacancy is 1.0% in Altona North and 3.7% in Tolmie, 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 547, roughly 24 times the size of Tolmie; 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.
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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