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Altona North suburb profile

Altona North is a vibrant suburb located in Melbourne's southwest, approximately 10km from the CBD. Known for its industrial roots, the suburb has evolved into a diverse residential area with a mix of modern developments and traditional homes. Altona North offers a range of amenities, including shopping centres, parks, and recreational facilities, making it an attractive option for families and professionals. Its proximity to major transport routes, such as the West Gate Freeway, provides easy access to the city and surrounding areas. The suburb's community spirit and evolving landscape contribute to its growing appeal among residents.

Altona North property market performance

Current median dwelling price$820,875Past 3 months

Property growth+3.6%Past 12 months

Altona North's property market has shown stability over the past 12 months, with house values experiencing a slight increase of 0.2%. The median house price currently stands at $950,000. In contrast, unit values have seen a more significant rise of 3.4%, although the median unit price is not available. Over the past year, 80 houses and 7 units have been sold, indicating a stronger market for houses.

The median days on market for houses is 57, while units are selling faster with a median of 44 days, suggesting a quicker turnover in the unit market. This could indicate a growing interest in units despite the limited sales volume.

Rental prices in Altona North have increased over the last 12 months, with house rents rising by 5.5% to an average of $675, and unit rents increasing by 6.4% to $500. This reflects a healthy demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$920K$722K
Change in value
Past 12 months
1.7%5.5%
Sold
Past 3 months
7412
Median days on market
Past 12 months
5444
Average rent
Past 12 months
$680$480
Change in rent
Past 12 months
4.6%2.1%

5 year median price trend for houses and units

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Altona North demographics

Altona North, located in Melbourne's western suburbs, is a community that balances suburban tranquility with urban convenience. With a population of 12,962, it offers a welcoming environment for families, professionals, and retirees alike. The median age of 37 suggests a mature community, with a significant portion of residents being established families and working professionals. The suburb's proximity to the city and local amenities makes it an attractive option for those seeking a balanced lifestyle.

Family life is a cornerstone of Altona North, with 45% of households being couple families with children, and 34.5% being couples without children. This family-oriented atmosphere is complemented by a strong sense of community and local engagement. The presence of one-parent families at 18.2% also highlights the suburb's inclusivity and support for diverse family structures.

In terms of housing, Altona North offers a mix of ownership and rental opportunities. A notable 36.8% of properties are owned outright, reflecting a stable and established community. Meanwhile, 31.4% of homes are owned with a mortgage, indicating a healthy influx of new homeowners. The rental market, comprising 31.7% of properties, provides flexibility for those not ready to commit to homeownership, making it appealing to young professionals and transient residents.

Overall, Altona North is a suburb that offers a harmonious blend of family-friendly living, community spirit, and accessibility, making it a desirable place to call home for a wide range of residents.

Suburbs near Altona North

Some popular suburbs near Altona North include:

  • Brooklyn: Known for its industrial areas and residential pockets, Brooklyn is located directly northeast of Altona North.
  • Altona: Featuring beautiful beaches and a relaxed coastal vibe, Altona is situated to the southwest of Altona North.
  • Seaholme: Known for its waterfront views and tranquil atmosphere, Seaholme lies to the south of Altona North.
  • South Kingsville: Offering a mix of residential and commercial spaces, South Kingsville is located to the east of Altona North.
  • Sunshine West: Known for its diverse community and growing infrastructure, Sunshine West is situated to the north of Altona North.

How does Altona North compare to nearby suburbs?

  • Median house prices: Altona North’s median house price is 21.9% higher than Brooklyn’s.
  • Median unit prices: Altona North’s median unit price is 5.8% higher than Altona’s.
  • House price growth: Over the past 12 months, house prices in Altona North have grown 1.1% higher than in Brooklyn.
  • Unit price growth: Over the past 12 months, unit prices in Altona North have grown 4.0% higher than in Brooklyn.
  • Selling speed for houses: Properties in Altona North are selling 16.9% faster than in Brooklyn.
  • Selling speed for units: Properties in nearby Brooklyn are selling 11.4% faster than in Altona North.
  • Investment considerations: In Altona North, the rental yield for house is 7.9% higher than the Melbourne average, while the rental yield for units is 18.1% lower.
  • House price growth: Over the past 12 months, house prices in Altona North have grown 7.3% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Altona North have grown 27.4% higher than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Altona North

In Altona North ,108 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 41.4% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.75% and 2.88%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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