If you compare the increase in value of investment property in Aspendale, 3195 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.18%.
If we look at median property appreciation over just the last three months, Aspendale has given property investors a paper return of -0.71%. This puts Suburb as 557 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Aspendale are currently offering property investors an average price cut of -2.27% below the asking price at the moment.
Advertised rents are around the $485 mark per week – giving a return of 3.02% based on the median price in Suburb
Property investors who have had real estate in Aspendale, 3195 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.75%
When looking at the potential capital gains offered to property investors over the last 3 years, Aspendale comes in at number 15th in VIC.
LACK OF BUYER INTEREST may well be the reason that Aspendale is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 106th in terms of most discounted suburbs in VIC
In the last year 40 properties changed hands in Aspendale, which puts it as the 212th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4980 per annum or $415 every week.