FairSquare analyses every Australian suburb for property investors — score, yield, risk and a full investment verdict.
FairSquare's model rates Altona, Victoria 6.8 out of 10 (Workhorse Investment) as of May 2026.
Altona presents a compelling 'workhorse' investment opportunity, capitalising on its strategic 17-kilometre proximity to Melbourne's CBD and a critically low 0.9 per cent vacancy rate driven by persistent high demand and low supply. This structural imbalance underpins both robust 8.5 per cent annual price growth and reliable rental performance, making it an attractive proposition for long-term capital appreciation and consistent income. Structural owner-occupier demand has not yet been priced into the market — a re-rating window remains open.
The median price is derived, not estimated. Every number on this page traces back to the model's proprietary yield surface — calibrated for each part of the country and resolved against distance from CBD. The price falls out of the formula.
Inputs for this suburb sit at the top of our calibration tier. The model is not guessing.
9 of 12 signals locked — unlock the full model read for A$25
Unlock 9 signals — A$25 →FairSquare's model rates Altona, Victoria 6.8 out of 10 (Workhorse Investment) as of May 2026. Altona presents a compelling 'workhorse' investment opportunity, capitalising on its strategic 17-kilometre proximity to Melbourne's CBD and a critically low 0.9 per cent vacancy rate driven by persistent high demand and low supply. This structural imbalance underpins both robust 8.5 per cent annual price growth and reliable rental performance, making it an attractive proposition for long-term capital appreciation and consistent income.
The median house price in Altona, VIC is $1.17M. Weekly rent of $733 against a 3.3% gross yield underpins this figure.
Altona has a gross rental yield of 3.3%, with a median weekly rent of $733. 12-month price growth is tracking at +8.5%.
Based on its market signals, Altona aligns with: Defensive Hold.