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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$850,000Past 3 months

Property growth+1.8%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
$950KN/A
Change in value
Past 12 months
0.2%3.4%
Sold
Past 3 months
807
Median days on market
Past 12 months
5744
Average rent
Past 12 months
$675$500
Change in rent
Past 12 months
5.5%6.4%

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.

Altona North infrastructure, key developments and investment opportunities

Altona North continues to benefit from its established inner-west location, strong access to Melbourne employment areas, and proximity to major transport corridors, which supports steady buyer demand. The suburb also has local schooling options and community facilities that make it attractive to families and long-term owner-occupiers.

Current search results do not show any major new infrastructure or redevelopment projects in Altona North that would materially shift the property market in the near term. As a result, local pricing and demand are likely to be driven more by the suburb’s accessibility, amenity, and broader inner-west appeal than by a single large project.

Altona North rental market trends

The rental market in Altona North has experienced moderate growth, with house rents increasing by 5.5% over the past year to $675 per week, while unit rents have risen by 6.4% to $500 per week. This steady growth reflects the suburb's appeal, driven by its proximity to Melbourne and ongoing development, making it an attractive option for both renters and investors.

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 18.0% higher than Brooklyn’s.
  • Median unit prices: Altona North’s median unit price is 29.3% higher than Altona’s.
  • House price growth: Over the past 12 months, house prices in Altona North have grown 0.7% higher than in Altona.
  • Unit price growth: Over the past 12 months, unit prices in Altona North have grown 29.3% higher than in South Kingsville.
  • Selling speed for houses: Properties in Altona North are selling 24.0% faster than in Brooklyn.
  • Selling speed for units: Properties in Altona North are selling 40.5% faster than in Brooklyn.
  • Investment considerations: In Altona North, the rental yield for house is 7.5% higher than the Melbourne average, while the rental yield for units is 14.4% lower.
  • House price growth: Over the past 12 months, house prices in Altona North have grown 7.2% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Altona North have grown 25.3% higher than the average rate of growth for units across Melbourne.

Common questions about Altona North

  • Is Altona North a nice place to live?

    Altona North is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a wonderful place to live. The suburb is known for its welcoming community and family-friendly atmosphere, which is complemented by a variety of amenities that cater to residents' needs. Families will appreciate the local schools and community facilities, while the presence of parks and recreational areas provides ample opportunities for outdoor activities and relaxation. The suburb's proximity to major transport routes ensures easy access to the city and surrounding areas, making it an attractive option for professionals who commute to Melbourne's CBD.

    Altona North exudes a vibrant yet laid-back vibe, with a mix of modern developments and traditional homes that reflect its evolving character. The suburb's cultural diversity adds to its charm, creating a rich tapestry of experiences and interactions for residents. While Altona North may not have the bustling nightlife of inner-city areas, it offers a peaceful environment that is perfect for families and those seeking a quieter lifestyle. The local shopping centres and cafes provide convenient options for everyday needs and leisurely outings.

    Safety is generally not a major concern in Altona North, contributing to its appeal as a family-friendly suburb. However, like any area, it's always wise to stay aware of your surroundings. One trade-off of living in Altona North is that while it offers excellent accessibility and amenities, it may not have the same level of trendiness or entertainment options as some inner-city suburbs. Nonetheless, for those who value community spirit, accessibility, and a balanced lifestyle, Altona North is a charming and desirable place to call home.

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  • Is it expensive to live in Altona North?

    Living in Altona North can be considered relatively affordable compared to some of Melbourne's more central suburbs. The median house price in Altona North is currently around $950,000. While this is a significant amount, it is still more affordable than many inner-city suburbs. For those interested in renting, houses average about $675 per week, while units, though not currently available for sale, average around $500 per week for rent.

    When comparing these figures to the Greater Melbourne average wage of approximately $75,000 per year, Altona North's housing costs are relatively manageable. The median total household income in the suburb is $1,695 per week, which suggests that many residents might find the cost of living here to be within their means, especially when compared to more expensive areas in Melbourne.

    Overall, Altona North offers a balance between affordability and convenience, making it an attractive option for those looking to live near Melbourne without the hefty price tag associated with some of the city's more exclusive suburbs. If you're thinking of living in Altona North, it's a great choice for those seeking a suburban lifestyle with reasonable housing costs.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Altona North a good place to invest?

    Altona North presents a promising investment opportunity, particularly for those interested in rental income. Over the past year, the suburb has seen a modest increase in median house values, but it's the units that have shown a more impressive growth of 3.4%. This suggests a rising demand for more affordable housing options, making units an attractive choice for investors looking to capitalize on this trend.

    Rental yields in Altona North are also on the rise, with house rents increasing by 5.5% and unit rents by 6.4% over the last 12 months. This indicates a strong rental market, driven by the suburb's appeal to tenants seeking a balance between affordability and proximity to Melbourne's CBD. The steady rental growth suggests that Altona North is a reliable option for investors aiming for consistent rental returns.

    Overall, while Altona North may not be experiencing rapid capital growth, its stable property values and strong rental market make it a solid choice for investors. The suburb's potential for rental income, combined with its strategic location, offers a balanced investment opportunity for those looking to build a long-term property portfolio.

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Choose the right real estate agents in Altona North

In Altona North ,107 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 41.5% 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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