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Altona North, VIC 3025
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$960,000
market range $925K-$1M
Median Unit
$730,000
market range $700K-$775K
Gross Yield (houses)
3.7%
1yr Growth (houses)
+3.2%
market range -5.0% to +7.5%
Investment snapshot for Altona North
Altona North has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Altona North market and investor summary
Altona North (VIC 3025) runs a median house price of $960K, with houses yielding a gross 3.7%. House prices have moved +3.2% over the past year and +8.2% over three years. At 1.0% 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 3.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking.
Living in Altona North: people, income and schools
About 12,962 people live in Altona North, and the area has been growing steadily, up about 7% over five years. The median age is 39, broadly working-age.
Households here earn a median of about $88,000 a year, or roughly $1,700 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 10.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 41% over five years, which tends to underpin what local buyers can pay.
There are 28 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 12 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 60 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 12,962
- +7% over 5yr
- Median age
- 39 years
- Median household income
- $88,000/yr
- Households renting
- 31%
- Family households
- 47%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 28
- avg ICSEA 1072
- Unemployment
- 5.0%
- Distance to CBD
- 12 km
- Walk score
- 60/100
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 North
View all →Frequently asked questions about Altona North
What should I check before investing in Altona North?
Altona North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Tight rental market (1.0% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Altona North?
The median property price in Altona North, VIC 3025 is $960K for houses and $730K for units.
What rental yield does Altona North show?
The gross rental yield in Altona North is 3.7% for houses and 4.5% 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 North?
House prices in Altona North are up 3.2% over the past year and up 8.2% 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 North?
The current vacancy rate in Altona North is 1.0%. 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 North?
Altona North has a population of approximately 12,962 residents, with a median age of 39.
What schools are near Altona North?
There are 28 schools within roughly 5km of Altona North. 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 North affordable to buy in?
A median house in Altona North costs about 10.9 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 North's population growing?
The population of Altona North has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Altona North from the CBD?
Altona North is about 12 km from the CBD.
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