Altona has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.74% to date .
Altona,3018 was ranked 1370 in Australia by increase in median property value over the quarter.
At number 534th of VIC’s most discounted properties, Altona is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
Giving property investors a an average capital gain of 3.77% for the last year, Altona, 3018 is the 895th highest performer in Australia in this respect.
Over the longer term, Altona has seen property prices show investors a 29.97% return over the last 3 years. This is worse than over the last 12 months
Altona3018 is located in VIC which offers an average discount of -4.73% to property investors. Altona itself is showing figures that indicate -2.86% is the average achievable by property buyers investing in the suburb.
Altona, 3018’s gross rental yield is 3.09%
Information supplied by:June 2017
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The home of the popular Altona Beach, the suburb of Altona is making waves as a fast growing suburb near the CBD.Full summary
The home of the popular Altona Beach, the suburb of Altona is making waves as a fast growing suburb near the CBD.
Both the house and unit markets have recorded price increases over the past 12 months, continuing a trend observed over the past five years. Houses performed considerably better with 13.6% growth, bringing the median price to over $850,000.
Altona is a large suburb that accommodates both a residential side and an industrial pocket, which generates many employment opportunities. Commuters also have their pick of three railway stations, as well as buses and a weekday shuttle service. There are also many primary and secondary schools.
Aside from the beach, the Hobsons Bay Coastal Trail is another nature-based attraction for cyclists. There are several parks and gardens as well. Melbourne Ballpark is situated just west of the suburb.
Original post: http://www.yourinvestmentpropertymag.com.au/top-suburbs/VIC-3018-altona.aspx