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2/42 Bruce Street South, Altona Meadows$592,500

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2/42 Bruce Street South

Altona Meadows, VIC 3028, Australia

$592,500

2 bed 2 bath 1 car

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Listing description

About this property

This modern, brand-new residence at 2/42 Bruce Street South offers a rare opportunity for premium, low-maintenance living in Altona Meadows with the significant benefit of no body corporate fees. Protected by builder's warranty, the home features a light-filled open-plan interior consisting of two spacious bedrooms and two contemporary bathrooms designed for maximum comfort. The gourmet kitchen is a standout, boasting high-end 40mm stone benchtops, a quality stove, rangehood, and oven, along with an abundance of storage. The unit is flooded with natural light, creating a bright and airy atmosphere that flows seamlessly to a private, beautifully finished rear courtyard, perfect for outdoor relaxation or pets. Ideally situated for lifestyle convenience, the property is within easy walking distance of Laverton Train Station, just moments from Central Square Shopping Centre, and provides rapid access to the freeway for a quick commute to the Melbourne CBD.

Property Details

Property Type: apartment
Listing Type: Sold
Bedrooms: 2
Bathrooms: 2
Parking: 1
Listed: 2 months ago

Repayment calculator

$2,872/month

$1,436 /fortnight

Loan $474,000 at 6.10% over 30 years

Upfront costs

Deposit$118,500

Stamp duty$30,620

Conveyancing (est.)$2,000

Total upfront$151,120

Verify with VIC revenue office →

Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Altona Meadows

This 2-bedroom apartment in Altona Meadows, VIC 3028 sits within reach of public transport, local shops and nearby schools. It is listed 10% below the $660,000 median of 66 comparable apartmentswithin 5 km.

Schools near Altona Meadows

Altona Green Primary Schoolprimary · Prep-6 · CoEd
Altona Meadows Primary Schoolprimary · Prep-6 · CoEd
Queen of Peace Primary Schoolprimary · Prep-6 · CoEd

What's nearby

Aircraft Railway Station/Triholm Avenue (bus) — 549 m away
Reddy Express — 382 m away
Unnamed — 224 m away
Bruce Street Reserve — 261 m away
Unnamed — 291 m away

Altona Meadows at a glance

Full suburb profile

Population: 18,479
Median age: 41
Household income: $1,573/wk
Median rent: $341/wk
Median mortgage: $1,700/mo

Source: ABS Census.

Due diligence

Property Report

Lifestyle & access

Schools

7 nearby schools

Catchment: Altona Meadows Primary School

Public transport

10 stops within 1.5km

Nearest: Aircraft Railway Station/Triholm Avenue (0.5km)

Traffic

Moderate congestion

Morning (7-9am) and evening (5-7pm) peak hours see increased traffic on Fairbairn Road and Grovedale Road as commuters travel to Melbourne CBD and employment areas. Local streets experience minor delays but remain generally accessible.

Noise

High noise

Nearest: road (0.1km)

Risk & safety

Flood risk

Medium

Altona Meadows is located in a flood-prone area of outer Melbourne, in close proximity to the Kororoit Creek catchment and broader Yarra River floodplain systems. Parts of the suburb fall within LSIO or equivalent flood overlay mapping due to historical inundation risk and proximity to creek systems. Properties are likely subject to standard VIC flood-aware planning controls requiring consideration of floor levels, flood-compatible construction, and development assessment.

Bushfire risk

Low

BAL: BAL-LOW

Crime profile

average

Trend: stable

Planning & context

Zoning

GRZ1 — General Residential Zone

Hobsons Bay Planning Scheme

Nearby development

5 projects nearby

Altona Meadows is experiencing steady medium-density residential infill within established suburbs, with scattered townhouse and apartment approvals typical of Melbourne's outer-western consolidation strategy. Local activity centre upgrades and supporting infrastructure projects reflect Hobsons Bay Council's focus on incremental intensification rather than large-scale urban renewal, with modest development momentum driven by population growth and improved local amenities.

Heritage

Not heritage listed

Altona Meadows is a post-1970s outer suburban residential area with minimal heritage overlay protection. The broader Altona locality has some local heritage significance, particularly around the historic beachfront and early homestead sites, but Altona Meadows itself consists primarily of modern residential development without formal conservation area designation.

Sources: Australian Gov open data, OpenStreetMap + StMate AI

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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