Located in Victoria within the Hobsons Bay local government area, Altona North is a well-established suburb (postcode 3025). The area has roughly 12,962 residents and a mix of young professionals and families, with a median age of 37. Households earn a median income of $88K per year, with an average household size of 2.6 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, managers, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Italian.
Median house prices in Altona North stand at $950,000, having risen by 3.6% over the last twelve months. Units have a median price of $723,000 (-1% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,167.
Altona North is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1063, which is above the national average of 1,000. Public transport access includes 107 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 North shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are near the state median ($950K/$875K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +3.6% 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.