Altona is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3018). With a population of 11,490, the suburb has an established demographic with a median age of 42. Households earn a median income of $95K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Altona is $1.2 million, having increased 2.4% over the past year. Units have a median price of $680,000 (-2.9% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,197.
Altona is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 8 rail stations, 59 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Altona offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 12.3x is considered stretched. House prices have moved +2.4% year-on-year.
Altona is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3018). With a population of 11,490, the suburb has an established demographic with a median age of 42. Households earn a median income of $95K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Altona is $1.2 million, having increased 2.4% over the past year. Units have a median price of $680,000 (-2.9% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,197.
Altona is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 8 rail stations, 59 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Altona offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 12.3x is considered stretched. House prices have moved +2.4% year-on-year.