altona

3018, Victoria

Real Estate & Property Information

Median
Price Rank
194

altona Suburb Profile & Review

Stroll the promenade, take a dip at Altona Beach or browse the shops at Altona Gate Shopping Centre; whatever you're looking for, you will find it in Altona. The area resembles a small coastal town, but is positioned a convenient twenty minutes from the city and little more than an hour from Great Ocean Road.

Altona Coastal Park is popular with walkers and cyclists and its open spaces offer startling views of Port Phillip Bay and the cityscape. Kitesurfing, football, lacrosse, cricket and soccer are all popular in the area. The Melbourne Ballpark, Victoria's home for baseball and softball, can be found in the west of the suburb. On Pier Street, find a traditional shopping strip with many cafes, restaurants and specialty shops. To commute to the city, there are train stations in Altona, Westona and Seaholme, all on the Werribee line. The West Gate Freeway is the most direct route to the city centre by car, while four bus routes also service the area.

Altona has an active and fun community and the local council runs annual arts festivals, such as the Bayside Festival, a weekend in March when residents partake in a street parade, entertainment and fireworks displays.

altona Demographic Data

$ 569,500 Median House Price

24 Minutes Average Commute

42 Median Age

9,918 Population

50.69 % Female

49.31 % Male

2772 NO OF FAMILIES

1.7 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, Victoria.

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altona 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 Median House Prices

  • 2008 $ 415,750
  • 2009 $ 470,000
  • 2010 $ 498,000
  • 2011 $ 622,500
  • 2012 $ 569,500

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 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 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 property price predictions.

altona Market Property Types

  • 71 % Seperate House
  • 11 % Semi Detached
  • 17 % 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 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 Income & Mortgage Stats

  • $ 1,136 Median Weekly Household Income
  • $ 1,790 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

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 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 Sold Property Prices

altona 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 Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

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 Restaurants

  • The Pier Lounge22 Pier Street altona VIC 301803 9315 9130
  • Harbour Inn Chinese Restaurant52 Pier St altona VIC 301803 9398 3725
  • Saigon Sun84 Railway St altona VIC 301803 9398 3223

altona Cafes

  • Cycling Supermarket and Le Velo Cafe80 Pier Streetaltona VIC 301803 9398 2940
  • Chef Sara Cafe28a Upton Streetaltona VIC 301803 9398 5555
  • Apricot Tree Cafe85 Pier Streetaltona VIC 301803 9398 2922

altona Schools

  • Mount St. Josephs129-133 Maidstone Streetaltona VIC 3018(03) 8398 2000Catholic Secondary School
  • St. Marys Primary School48 McBain Streetaltona VIC 3018(03) 9398 4842Catholic Primary School
  • Altona Primary School109 Blyth Staltona VIC 3018(03) 9398 2925 State Primary School

altona Childcare

  • ABC Learning Centre24 Upton Streetaltona VIC 3018
  • Altona North Child Care Centre10 Fifth Avenuealtona VIC 3018

altona Kindergarten and Preschools

  • Altona Kindergarten89 Blyth Streetaltona VIC 3018
  • Altona West Kindergarten14 Lindwood Avenuealtona VIC 3018
  • Somers Parade Kindergarten4 Somers Paradealtona VIC 3018

altona Sporting Centres and Clubs

  • J.K. Grant Reservealtona VIC 3018Hockey Club
  • Little Athletics Centres, J.K. Grant Resaltona VIC 3018Athletics Club
  • Altona State Ctraltona VIC 3018Baseball Club

altona Retirement Villages

  • Port Phillip Villagealtona VIC 3018

Find out How Much your House is Worth in altona

Request a free market Basic Report for altona to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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