Altona vs Strathmore Heights
Property investment comparison - Altona, VIC 3018 vs Strathmore Heights, VIC 3041
Head-to-head across core investment metrics: Altona wins 0, Strathmore Heights wins 3. 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 | Strathmore Heights |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | $725K | - |
| Gross rental yield (houses) | 3.12% | - |
| Gross rental yield (units) | 4.03% | 4.29% |
| 1-year house growth | +1.3%estimate | +7.3% |
| 3-year house growth | - | +12.7% |
| Vacancy rate | 1.8% | 1.4% |
| Population | 11,490 | 1,047 |
Altona vs Strathmore Heights: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.2M in Altona and $1.2M in Strathmore Heights.
Over the past year house prices moved +1.3% in Altona (an estimate) and +7.3% in Strathmore Heights, so recent momentum favours Strathmore Heights, although both suburbs recorded growth.
Rental vacancy is 1.4% in Strathmore Heights and 1.8% in Altona, so landlords in Strathmore Heights 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 1,047, roughly 11 times the size of Strathmore Heights; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Strathmore Heights for recent price momentum, Strathmore 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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Strathmore Heights, VIC 3041
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