Alfredton (3350) is a suburb in Victoria that continues to attract attention from both homeowners and investors. Located approximately 106km from the Melbourne CBD, the suburb is serviced by 2 schools and benefits from solid transport and amenity access.
Alfredton has a population of approximately 11,822, a median age of 35, a median weekly household income of $2,100. With 69% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability. Across the broader LGA, 37.9% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (19.7%), Education and Training (11.2%), Retail Trade (10.5%).
The current median house price in Alfredton is $625,000. Five-year average annual growth is 3.7%, indicating moderate capital movement. Prices have moved 2.46% over the past 12 months.
Properties in Alfredton spend an average of 40 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.83%. With inventory levels at just 1.24 months, supply is tight relative to demand. The average vendor discount is -4.2%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Alfredton is $470. Gross rental yield is 3.91%, which is typical for a growth-oriented market. Vacancy rate is 1.33%, reflecting healthy rental demand. Rents have grown 4.44% over the past 12 months.
The broader local government area is forecast to grow from 121,179 to 133,163 residents by 2031, representing 9.9% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Ballarat Central, VIC, Ballarat East, VIC, Ballarat North, VIC, Golden Point, VIC, Black Hill, VIC.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Alfredton or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.