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Altona North VIC 3025

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Floor area: 956m2
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Prime Investment Opportunity in Altona North with 6 Townhouses Approved

Presented by Mandy Hedi from White Lotus Property Group Truganina
Discover a fantastic opportunity for investors at 11 Paringa Road, Altona North, 3025. This spacious 956 sqm land is approved for the development of six townhouses, making it a lucrative venture for those looking to capitalize on the booming property market.
Property Highlights:
-Land Size:956 sqm
- Approved Development: 6 townhouses
Nearby Amenities:
- Schools: * Altona North Primary School, Emmanuel College, and Bayside P-12 College
- Shopping: * Altona Gate Shopping Centre, Borrack Square Shopping Centre
- Transport: * Convenient access to major freeways (M1, Western Ring Road), multiple bus routes, and Altona North Train Station
- Recreation: * Paisley Park, J.J. Ginifer Reserve, Altona Lakes Golf Course
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Property Details for Contact Agent For Address, Altona North

Building Type
Commercial
Floor Size
956m2

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About Altona North 3025

The size of Altona North is approximately 14.1 square kilometres. It has 21 parks covering nearly 18.9% of total area. The population of Altona North in 2011 was 11,378 people. By 2016 the population was 12,155 showing a population growth of 6.8% in the area during that time. The predominant age group in Altona North is 30-39 years. Households in Altona North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Altona North work in a professional occupation. In 2011, 68.1% of the homes in Altona North were owner-occupied compared with 66.1% in 2016.

Altona North has 7,742 properties. Over the last 5 years, Houses in Altona North have seen a 11.76% increase in median value, while Units have seen a 28.67% increase. As at 31 August 2024:

  • The median value for Houses in Altona North is $872,337 while the median value for Units is $788,528.
  • Houses have a median rent of $590 while Units have a median rent of $623.
There are currently 34 properties listed for sale, and 11 properties listed for rent in Altona north on OnTheHouse. According to CoreLogic's data, 362 properties were sold in the past 12 months in Altona north.

Suburb Insights for Altona North 3025

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Mandy Hedi
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Rajeev Kochhar
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White Lotus Property Group
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.