29a The Broadway, Altona North, Vic 3025
$1,100,000 - $1,200,000
5 2 3
Auction Saturday 1 August 12:00 pmOriginally an extension of the Altona grazing lands, the suburb saw massive post-WWII development to house workers for the nearby petrochemical and manufacturing industries. It became a melting pot for European migrants, particularly from Italy, Greece, and Malta, who built the substantial brick veneers that define the older streetscapes.
Today, the suburb is undergoing rapid gentrification as young families priced out of Yarraville and Newport move in, attracted by larger blocks and the Millers Junction retail precinct.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Altona North represents the 'middle ground' of the west. It offers more land than Yarraville but is closer to the city than Point Cook, making it a strategic long-term hold for capital growth.
$920k – $1.55m
$620k – $880k
12-month movement
Current asking rents
The price dip in 2023 has been fully recovered, showing strong resilience. Townhouses are increasingly dominating the market as older blocks are subdivided.
Price comparison
Median price ÷ median income
Estimated rental yield
While more affordable than the inner-west, Altona North is no longer a 'budget' suburb. Entry-level buyers are now competing heavily for 2-bedroom townhouses.
Lower = tighter market
Avg time on market
Annual rental increase
Young professional couples and families working in the CBD or western logistics hubs.
Strong capital growth prospects and low vacancy rates make it a preferred choice for long-term investors. Modern townhouses offer better depreciation benefits.
Expect steady outperformance of the Melbourne average as the West Gate Tunnel matures and the suburb's 'industrial' stigma continues to fade.
vs last 12 months
Relative comparison
Check local police statistics for specific streets near the shopping centers which can see higher rates of opportunistic theft.
Primary risks are environmental and infrastructural rather than social. Buyers must investigate historical land use.
Low risk; however, properties near Kororoit Creek should check Hobsons Bay flood overlays.
Negligible risk.
Standard premiums apply, but some insurers may query proximity to major fuel storage facilities.
Special Controls Overlay (SCO), Environmental Audit Overlay (EAO) on specific sites.
Older residential blocks within 400m of Millers Junction.
Zoning allows for moderate multi-dwelling development, which is driving the transition from single houses to townhouses.
Poor rail access; reliant on buses and private vehicles. West Gate Tunnel will be a game-changer.
Excellent. Millers Junction provides everything from groceries to entertainment.
Good access to Paisley Park and the Kororoit Creek trails.
Adequate. Bayside P-12 College and several Catholic primary options available.
Strong. Proximity to Footscray Hospital and local medical clinics.
A multicultural suburb in transition, with a notable increase in high-income young families.
The rising median income supports higher property prices and a shift toward premium retail and dining options.
The West Gate Tunnel and Millers Junction expansions are the primary drivers of change.
Residents love the convenience and the 'hidden gem' status, though traffic and industrial noise remain common complaints.
I've seen it change from factories to fancy cafes. It's still a great place for families, just busier now.
Having Millers Junction down the road is a lifesaver. I rarely have to leave the suburb for errands.
The rental demand is incredible. I've never had a vacancy longer than a week for my townhouse.
The parks are great, but on some days you can really smell the industry. It's a trade-off for the location.
The bus to Newport station is unreliable. If you don't drive, this suburb is frustrating.
The new demographic is bringing so much life to the local cafes. The vibe is definitely improving.
Position the property as a 'lifestyle bridge'—offering the space of a outer-suburban home with the proximity of an inner-city lifestyle.
High-yield townhouse play or long-term land banking with older houses.
Over-supply of townhouses in certain pockets and environmental overlays.
Great shopping, modern housing options, and close to the city.
Traffic congestion during peak hours can make short trips very long.
Ensure all smoke alarm and gas safety checks are up to date, especially in older 1950s builds.
The '15-minute suburb'—everything you need is within a 15-minute walk or 5-minute drive.
Young professional families (30-45) moving from the inner-west for more space.
This report is for informational purposes only and does not constitute financial or legal advice. All data is based on available 2026 projections and historical trends. Buyers should conduct their own independent due diligence and consult with qualified professionals before making any property purchase.
Now
Before
$1,100,000 - $1,200,000
5 2 3
Auction Saturday 1 August 12:00 pm
$720,000 - $770,000
2 2 1
Auction Saturday 8 August 12:30 pm
Auction - $890,000 - $970,000
3 2 2
Auction Saturday 25 July 2:00 pm
$880,000 - $950,000
4 1 6
Auction Saturday 25 July 12:00 pm
Contemporary Comfort In A Connected Lifestyle Setting
Stylish Double-Level Townhouse in Prime Altona North Location
Real Search makes searching for your new home easy with properties for sale in Altona North VIC 3025 and properties for rent in Altona North VIC 3025. Are you looking for specific type of property? Real Search has units for sale in Altona North VIC 3025 and houses for sale in Altona North VIC 3025. Real Search also provides 1 bedroom unit for sale in Altona North VIC 3025, 2 bedroom unit for sale in Altona North VIC 3025 & 3 bedroom unit for sale in Altona North VIC 3025. Find best real estate agents in Altona North VIC 3025. You can also check real estate agencies in Altona North VIC 3025. Research the property market of Altona North VIC 3025 with a property report and suburb profile report on Real Search.