altona meadows

3028, Victoria

Real Estate & Property Information

Median
Price Rank
370

altona meadows Suburb Profile & Review

Altona Meadows is a quiet developing suburb in Melbourne's south-west. Residents come from a variety of socio-economic backgrounds and cultures. The Altona Treatment Plant in East Melbourne is a boon for local employment.

The Cheetham Wetlands are located within the suburb's constraints and prove popular with bushwalkers and birdwatchers because of the beautiful migratory birds they attract. Golf lovers enjoy an 18-hole course designed by golfing legend Greg Norman at the Sanctuary Lakes Golf Club. Other leisure destinations include Central Square Shopping Centre, which features a Big W, Coles and fifty-five other specialty stores; and Altona Beach, which is inundated with visitors, especially in the summertime.

A number of bus routes service the area, while the Laverton and Aircraft railway stations are situated just over the Princes Freeway in Laverton. Trains run on the Werribee line and take less than half an hour to reach the city. Parents send their children to one of three primary schools: Altona Meadows Primary School, Queen of Peach Parish School and Altona Green Primary School. Seabrook Primary School in neighbouring Seabrook is also well-regarded by local families due to its high rank on the MySchool website.

altona meadows Demographic Data

$ 395,000 Median House Price

27 Minutes Average Commute

37 Median Age

18,746 Population

50.93 % Female

49.07 % Male

5137 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in altona meadows, Victoria.

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altona meadows Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

altona meadows Median House Prices

  • 2008 $ 283,500
  • 2009 $ 317,000
  • 2010 $ 350,500
  • 2011 $ 399,300
  • 2012 $ 395,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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altona meadows 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in altona meadows have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term altona meadows property price predictions.

altona meadows Market Property Types

  • 90 % Seperate House
  • 3 % Semi Detached
  • 7 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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altona meadows Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

altona meadows Income & Mortgage Stats

  • $ 1,227 Median Weekly Household Income
  • $ 1,500 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in altona meadows

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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altona meadows Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

altona meadows Sold Property Prices

altona meadows Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

altona meadows Related Local Blog Posts

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Hangover Stock Brings About Buying Opportunities

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Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

altona meadows Restaurants

  • Papas Pizza and PastaShop 9, 1-23 Central Avealtona meadows VIC 302803 9360 7433
  • Il Divo Restaurant and BarShop 51, Central Square Shopping Centrealtona meadows VIC 302803 9315 6399
  • Barra Fish & Chips2 South Avenue altona meadows VIC 302803 9360 8368

altona meadows Cafes

  • Central Square Coffee Shop1 Central Avenuealtona meadows VIC 302803 9315 8190
  • Red Spoon CafeShop 51 Central Square Shopping Centrealtona meadows VIC 302803 9360 7788

altona meadows Schools

  • Queen of Peace Primary School62 Everingham Roadaltona meadows VIC 3028(03) 9369 2581Catholic Primary School
  • Altona Meadows Primary SchoolAlma Avenuealtona meadows VIC 3028(03) 9369-1288State Primary School

altona meadows Childcare

  • Little Blossoms CCC157-167 Central Avaltona meadows VIC 3028
  • Altona Meadows CCC342 Queen Streetaltona meadows VIC 3028
  • Hobsons Bay Childrens Centre140-144 Central Avenuealtona meadows VIC 3028

altona meadows Kindergarten and Preschools

  • Altona Meadows Kindergarten65-71 Powlett Streetaltona meadows VIC 3028
  • Russell Court Kindergarten10 Russell Courtaltona meadows VIC 3028

altona meadows Sporting Centres and Clubs

  • Laverton Parkaltona meadows VIC 3028Athletics Club
  • Lavertonaltona meadows VIC 3028Bowling Club
  • Seabrookaltona meadows VIC 3028Cricket Club

Find out How Much your House is Worth in altona meadows

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