Altona shows mixed investment signals that warrant careful consideration. A vacancy rate of 1.6% in Altona indicates a relatively balanced rental market with reasonable tenant demand.
Price growth of 4.1% over the past 12 months is below the national average, suggesting limited capital growth momentum. Rental yields of 4% are below the national average, affecting income return potential. New dwelling approvals in the area have increased, which may moderate price growth as additional supply enters the market.
PropTime's composite model scores Altona at 41/100. Investors should conduct thorough due diligence and consider the full 15-factor breakdown available with a free account.
Altona shows stronger capital growth indicators than cashflow metrics. The 4.1% price growth and 1.6% vacancy rate suggest Altona is better suited to investors with a longer hold horizon seeking capital appreciation.
Based on PropTime's analysis of 15 demand and supply indicators, Altona scores 41/100 — a Avoid signal. Key indicators include a 1.6% vacancy rate, 4% rental yield, and 4.1% price growth over the past 12 months. Create a free PropTime account to see the complete 15-factor breakdown and cashflow calculator pre-filled with Altona data.
The current vacancy rate in Altona is 1.6%. This represents a reasonably healthy rental market. Some vacancies exist but tenant demand remains solid.
The gross rental yield in Altona is 4%. The Australian national average is approximately 4.5%, so Altona is below the national average, which means careful attention to purchase price and loan structure is needed to achieve positive cashflow. Use PropTime's free cashflow calculator to model the full weekly cashflow for Altona.
PropTime's composite model scores Altona at 41/100 as of May 2026. Price growth of 4.1% over the past 12 months reflects current market conditions. Create a free PropTime account to access the full 15-factor analysis for Altona.
Altona scores 41/100 on PropTime. Similar suburbs by score include Newport, Forest Hill, Clayton South, all within the same VIC market.