Back to our suburb spotlights - this week, we’re highlighting Altona Meadows, an established suburb approximately 18 km from Melbourne’s CBD.
With leafy green spaces, convenient shopping, schools and established infrastructure, Altona Meadows may appeal to investors seeking an affordable entry point into Melbourne’s property market with reasonable rental returns.
Key investment highlights:
* Distance from Melbourne CBD: 18.2 km
* Median house price: $696,072
* Rental yield: 4.04%
* Vacancy rate: 1.49%
* Vendor discount: -3.31%, indicating properties are selling approximately 3.31% above asking price
* Population: 18,487
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