Altona Meadows is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3028). It is home to about 18,479 residents, with an established family demographic and a median age of 41. Households earn a median income of $82K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Maltese.
Altona Meadows has a median house price of $717,000, which has moved higher by 3.9% year-on-year. Units have a median price of $555,000 (+0.6% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,700.
Altona Meadows is served by 3 schools, including 3 primary. The average ICSEA score is 1038, which is around the national average of 1,000. Public transport access includes 1 rail station, 45 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
On the investment side, Altona Meadows shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices are near the state median ($717K/$875K). The price-to-income ratio of 8.8x is considered moderate. House prices have moved +3.9% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.