Suburb Profile Report for Aspendale VIC (3195)

Aspendale House: Median price $815,000, Annual capital growth 8.22%, Number of sales 70, Weekly median advertised rent $480

Aspendale Unit: Median price $616,000, Annual capital growth 7.52%, Number of sales 46, Weekly median advertised rent $428

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.23% for the last 12 months, Aspendale, 3195 has performed for property investments than its average annual 8.22% property growth over the last 5 years.

The five-year average increase in median property values for Aspendale,3195 has given property investors a potential capital gain of 28.35% across each of those five years.

Vendor discounting in Aspendale is giving property investors an average Vendor Discount of around -2.65%. This puts suburb at number 593th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $480 mark per week – giving a return of 3.06% based on the median price in Suburb

VIC has seen average median house prices change by 3.63% which means that Aspendale, 3195 has done well for property investors by showing a capital gain of 2.67% over the last year

While Aspendale,3195 ranked number 238th in VIC for increase in median house value (annualised) increase, it is ranked 28th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Aspendale itself are offering an average vendor discount of -6.27% to real estate investors.

The VIC suburb of Aspendale, 3195 is in the Kingston local government area.

HOUSE UNIT
$815,000 $616,000
0.49% -0.96%
8.23% 2.67%
8.22% 7.52%
$480 $428
70 46
3.06% 3.61%
55.18 55.09

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Aspendale VIC
Demographics
Total population 6621
Median household income ($/weekly) 1514
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 885 13.4
    25-34 years 744 11.2
    35-44 years 1151 17.4
    45-54 years 939 14.2
    55-64 years 707 10.7
    Others 2196 33.2
    Age Group
    Census Count Percent(%)
    Registered Married 2604 53.9
    Not Married 1804 37.3
    Defacto Relationship 425 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5091 80.0
    Greece 45 0.7
    Papua New Guinea 93 1.5
    United Kingdom 405 6.4
    Other 219 3.4
    Others 511 8.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 1.2
    Christianity 4147 68.4
    Hinduism 49 0.8
    Other Religious Groups 36 0.6
    No Religion 1716 28.3
    Others 42 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 182 8.5
    $1,000-$1,249 181 8.5
    $1,500-$1,999 275 12.9
    $2,000-$2,499 261 12.2
    $2,500-$2,999 230 10.8
    Others 1004 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2038 40.6
    Not in the labour force 1579 31.5
    Employed, worked part-time 1103 22.0
    Employed, away from work 167 3.3
    Unemployed, looking for work 128 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 500 15.1
    Professionals 844 25.5
    Technicians & trades workers 461 13.9
    Community & personal service workers 325 9.8
    Clerical & administrative workers 516 15.6
    Others 661 20.0
    Occupation
    Census Count Percent(%)
    Pre-school 167 10.5
    Infants/Primary 605 37.9
    Secondary 411 25.8
    Technical or Further Educational Institution 124 7.8
    University or other Tertiary Institutions 244 15.3
    Others 45 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5279 84.2
    Semi-detached, row or terrace house, townhouse 601 9.6
    Flat, unit or apartment 382 6.1
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 968 41.5
    Fully owned 920 39.5
    Rented 432 18.5
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals