Altona North is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3025). With a population of 12,962, the suburb has 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Altona North is $917,000, having increased 4.1% over the past year. Units have a median price of $730,000 (-7.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.8%. 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 offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($917K/$875K). The price-to-income ratio of 10.4x is considered stretched. House prices have moved +4.1% year-on-year.
Altona North is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3025). With a population of 12,962, the suburb has 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Altona North is $917,000, having increased 4.1% over the past year. Units have a median price of $730,000 (-7.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.8%. 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 offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($917K/$875K). The price-to-income ratio of 10.4x is considered stretched. House prices have moved +4.1% year-on-year.