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Suburb Insights ยท VIC 3028

Altona Meadows 3028, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Altona Meadows is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 18,479, making it a smaller community. Located approximately 17 km from the Melbourne CBD, Altona Meadows is a middle ring area in Victoria. The median household income is $81,796 AUD per year (ABS 2021 Census).

Investment Score

64 / 100 Good

Altona Meadows has a solid income profile that supports reliable occupancy rates.

Location

Map shows Altona Meadows, Victoria, Australia.

Key Indicators

Postcode
3028

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

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Population
18,479

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

ABS Census Data โ†’
Median Rent (weekly)
$341/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
$81,796/yr

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

ABS Census Data โ†’
Distance to CBD
17 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
5

Estimated 5 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
7

Estimated 7 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,700/mo

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

ABS Census Data โ†’
Dwelling Type
81% 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 Meadows'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 $341/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,700/month. The median household income of $81,796/year reflects a solid demographic, supporting sustainable rental demand. 81% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Altona Meadows is a natural candidate for patient investors.

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Rental Yield

Expect competitive but not exceptional rental returns in Altona Meadows's current market.

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Renovation / Flip

Altona Meadows's established market and growing population make it a viable location for value-add renovations.

Risk Factors

Run the numbers on a Altona Meadows property

Full Property Analysis

30-year projections for Altona Meadows

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Property values in Altona Meadows should hold firm in 2026, with gradual appreciation tied to infrastructure and population trends. The rental market in Altona Meadows should see steady occupancy, with moderate upward pressure on rents. The market mood around Altona Meadows is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Altona Meadows a good suburb for investment?

Altona Meadows is a middle ring area in Victoria with a population of 18,479. The median rent is $341/week and the median household income is $81,796/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 Meadows?

Key demand drivers in Altona Meadows include established amenities and transport access. 81% of dwellings are separate houses. The area has approximately 5 schools and 7 parks nearby.

What is the population of Altona Meadows?

According to the ABS 2021 Census, Altona Meadows has a population of approximately 18,479. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Altona Meadows from the Melbourne CBD?

Altona Meadows is approximately 17 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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