1/34 Tatman Drive, Altona Meadows VIC 3028
1/34 Tatman Drive, Altona Meadows VIC 3028
Townhouse configuration | Established family suburb | Infill redevelopment on street | Broad buyer appeal | Mid-market price position
This property is positioned as a townhouse-style unit in a street that is understood to have shifted from older detached housing into medium-density infill. That mix is seen as beneficial, giving buyers established neighbourhood character with newer townhouse stock. The property is likely to suit first-home buyers, investors, or downsizers seeking a practical, lower-maintenance dwelling in a family-oriented suburb. Its competitive edge is found in combining suburban amenity with a smaller land component, which generally supports a wider resale audience than a large family house. Owner-occupier pride and neighbourhood stability are indicated by the presence of renovated family homes on the same street, reinforcing the property’s appeal to those who value a settled pocket.
Value may be influenced by the property’s precise configuration and title structure, as differing lending and ownership considerations are often associated with unit-style dwellings. Internal condition and presentation are likely to be decisive, given the street’s mix of renovated and newer homes. Orientation and private open space might also be weighed on perceived amenity for this dwelling type.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/34 Tatman Drive, Altona Meadows VIC 3028
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Altona Meadows is an established, family-oriented suburb in Melbourne’s west, with a median house price around $730,000–$783,000, below the metro median of $955,000. Demand is driven by working families and professionals; a high share of outright owners and a mortgage-heavy minority provide a stable ownership base. House price growth over the year is mixed, ranging from 1.4% to 6.7% by source, while median days on market have risen to 58 and auction clearance has fallen to 48.6%, indicating cooling momentum. Units offer affordability at $550,000–$570,000, with gross rental yields near 4%. Rental demand remains supported by weekly house rents of $500–$520 and unit rents of $440. Future growth rests on connectivity via Point Cook Road and nearby Laverton and Seabrook, plus consistent sales volumes of 227–280 annually. Key risks are softening buyer appetite and a declining local population.
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PropCred Estimated Value
Comparable Sales: 31 Tatman Drive, sold $840,000 (renovated family house) | Property Price Band: $600,000–$700,000 | Value Drivers: internal condition, title configuration, private open space
Bedrooms
3
Bathroom
2
Parking
2
Land
622m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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