Altona is Melbourne's most affordable bayside suburb — a genuine beach community on Port Phillip Bay where Altona Beach's superb 2km of sand, the Altona Coastal Park's wetlands, and Pier Street's pleasant village strip deliver a coastal lifestyle unavailable anywhere else at sub-$900K prices. Altona's strong working-class community identity, exceptional owner-occupier base (62%), and rapid improvement in café and restaurants as inner-west gentrification pushes westward create an outstanding capital growth opportunity for value-seeking buyers. At the current $900k median house price, an 80% loan at 6.25% over 30 years is about $4,433 per month.
| Median house price | $900,000 |
|---|---|
| Median unit price | $600,000 |
| Estimated monthly repayment | $4,433 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 7.5% |
| Gross rental yield | 4% |
| Typical days on market | 13 |
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