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Altona Meadows, VIC 3028
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$775,000
market range $750K-$825K
Median Unit
$560,000
market range $525K-$600K
Gross Yield (houses)
3.6%
1yr Growth (houses)
+5.4%
market range -2.5% to +10.0%
Investment snapshot for Altona Meadows
Altona Meadows has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Altona Meadows market and investor summary
Altona Meadows (VIC 3028) runs a median house price of $775K, with houses yielding a gross 3.6%. House prices have moved +5.4% over the past year and +11.6% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet.
Living in Altona Meadows: people, income and schools
Altona Meadows is home to around 18,479 people, a count that has slipped about 2% over five years. The median age is 41, skewed a little older, and 72% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $82,000 a year, or roughly $1,570 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 9.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
There are 22 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 17 km from the CBD. It is fairly car-dependent; the suburb scores 43 for walkability and 13 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 18,479
- -2% over 5yr
- Median age
- 41 years
- Median household income
- $82,000/yr
- Households renting
- 28%
- Family households
- 47%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 22
- avg ICSEA 1046
- Unemployment
- 4.9%
- Distance to CBD
- 17 km
- Walk score
- 43/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Altona Meadows
View all →Frequently asked questions about Altona Meadows
What should I check before investing in Altona Meadows?
Altona Meadows has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.4% gives a usable rent-to-price starting point. Capital growth of +5.4% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Altona Meadows?
The median property price in Altona Meadows, VIC 3028 is $775K for houses and $560K for units.
What rental yield does Altona Meadows show?
The gross rental yield in Altona Meadows is 3.6% for houses and 4.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Altona Meadows?
House prices in Altona Meadows are up 5.4% over the past year and up 11.6% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Altona Meadows?
The current vacancy rate in Altona Meadows is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Altona Meadows?
Altona Meadows has a population of approximately 18,479 residents, with a median age of 41.
What schools are near Altona Meadows?
There are 22 schools within roughly 5km of Altona Meadows. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Altona Meadows affordable to buy in?
A median house in Altona Meadows costs about 9.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Altona Meadows's population growing?
The population of Altona Meadows has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Altona Meadows from the CBD?
Altona Meadows is about 17 km from the CBD.
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