Altona Meadows is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3028). With a population of 18,479, the suburb has an established demographic with a median age of 41. Households earn a median income of $82K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Maltese.
The median house price in Altona Meadows is $717,000, having increased 3.9% over the past year. Units have a median price of $552,000 (+6.1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.6%. 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.
From an investment perspective, Altona Meadows offers a gross rental yield of 3.6%, 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.
Altona Meadows is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3028). With a population of 18,479, the suburb has an established demographic with a median age of 41. Households earn a median income of $82K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Maltese.
The median house price in Altona Meadows is $717,000, having increased 3.9% over the past year. Units have a median price of $552,000 (+6.1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.6%. 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.
From an investment perspective, Altona Meadows offers a gross rental yield of 3.6%, 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.