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Suburb Insights ยท VIC 3018

Altona 3018, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Altona is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 11,490, making it a smaller community. Located approximately 14 km from the Melbourne CBD, Altona is a middle ring area in Victoria. The median household income is $94,952 AUD per year (ABS 2021 Census).

Investment Score

73 / 100 Good

Above-average earnings in Altona support sustained property values. Its proximity to the CBD adds a strong location premium.

Location

Map shows Altona, Victoria, Australia.

Key Indicators

Postcode
3018

Official Australia Post postcode for Altona. A postcode may cover multiple suburbs.

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Population
11,490

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$385/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$94,952/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
14 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
5

Estimated 5 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,197/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
56% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Altona's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $385/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,197/month. The median household income of $94,952/year reflects a solid demographic, supporting sustainable rental demand.

Investment Strategy

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Buy & Hold

Solid fundamentals in Altona support capital growth over a medium to long hold period.

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Rental Yield

Altona can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Older housing stock in Altona combined with strong buyer demand creates solid renovation upside.

Risk Factors

Run the numbers on a Altona property

Full Property Analysis

30-year projections for Altona

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

The outlook for capital growth in Altona is encouraging heading into 2026, driven by constrained supply and buyer competition. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Confidence in Altona's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Altona a good suburb for investment?

Altona is a middle ring area in Victoria with a population of 11,490. The median rent is $385/week and the median household income is $94,952/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Altona?

Key demand drivers in Altona include established amenities and transport access. 56% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Altona?

According to the ABS 2021 Census, Altona has a population of approximately 11,490. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Altona from the Melbourne CBD?

Altona is approximately 14 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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