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Altona, VIC 3018
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,190,000
market range $1.1M-$1.3M
Median Unit
$725,000
market range $700K-$775K
Gross Yield (houses)
3.1%
1yr Growth (houses)
+1.3%
market range -5.0% to +7.5%
Investment snapshot for Altona
Altona has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Altona market and investor summary
In Altona, VIC 3018, the median house sells for around $1.2M, on a gross rental yield of 3.1% for houses. House prices have moved +1.3% over the past year. At 1.8% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking.
Living in Altona: people, income and schools
About 11,490 people live in Altona, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older.
The typical household income runs to around $95,000 a year (about $1,830 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.5 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 19 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Altona sits about 13 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 63 for walkability and 94 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 11,490
- +4% over 5yr
- Median age
- 42 years
- Median household income
- $95,000/yr
- Households renting
- 33%
- Family households
- 47%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 19
- avg ICSEA 1097
- Unemployment
- 2.4%
- Distance to CBD
- 13 km
- Walk score
- 63/100
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
View all →Frequently asked questions about Altona
What should I check before investing in Altona?
Altona has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.0% gives a usable rent-to-price starting point. Tight rental market (1.8% 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?
The median property price in Altona, VIC 3018 is $1.2M for houses and $725K for units.
What rental yield does Altona show?
The gross rental yield in Altona is 3.1% for houses and 4.0% 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?
House prices in Altona are up 1.3% over the past year. 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?
The current vacancy rate in Altona is 1.8%. 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?
Altona has a population of approximately 11,490 residents, with a median age of 42.
What schools are near Altona?
There are 19 schools within roughly 5km of Altona. 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 affordable to buy in?
A median house in Altona costs about 12.5 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's population growing?
The population of Altona has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Altona from the CBD?
Altona is about 13 km from the CBD.
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