Altona vs Montmorency

The median house price is $1.2M in Altona and $1.2M in Montmorency, so Montmorency is the cheaper entry point, with Altona houses about 1% dearer.

For units, Altona sits at a median of $725K against $775K in Montmorency, which makes Altona the more affordable unit market and Montmorency the pricier one.

On cash flow, Montmorency leads: houses there return a gross rental yield of 3.18%, compared with 3.12% in Altona, a gap of 0.06 percentage points.

Over the past year house prices moved +1.3% in Altona (an estimate) and +3.0% in Montmorency (an estimate), so recent momentum favours Montmorency, although both suburbs recorded growth.

Rental vacancy is 1.1% in Montmorency and 1.8% in Altona, so landlords in Montmorency face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Altona is the bigger suburb, with a population of 11,490 against 9,250, larger than Montmorency; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Montmorency for rental income, Montmorency for a lower purchase price, Montmorency for recent price momentum, Montmorency for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.