Suburb Profile Report for Aspendale VIC (3195)

Aspendale House: Median price $966,000, Annual capital growth 9.74%, Number of sales 78, Weekly median advertised rent $500

Aspendale Unit: Median price $680,000, Annual capital growth 8.21%, Number of sales 37, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 491th in the list of Australian suburbs ordered by increase in median house value over the last year, Aspendale, 3195 is in the top 20% with a property value increase of 18.17% recorded in median house prices.

If we look at median property appreciation over just the last three months, Aspendale has given property investors a paper return of 8.14%. This puts Suburb as 65 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 -6.69% below the asking price at the moment.

Situated 25.42km from the CBD, Aspendale is one of Kingston localities in the postcode 3195.

Aspendale, 3195 ranked 138th in VIC when comparing growth in median property values or capital gain over the last 12 months. Aspendale is one of 2098 in our list for VIC

Aspendale,3195 was ranked 908 in Australia by increase in median property value over the quarter.

At number 255th of VIC’s most discounted properties, Aspendale is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Metrics i HOUSE UNIT
$966,000 $680,000
8.14% 0.67%
18.17% 7.17%
9.74% 8.21%
$500 $420
78 37
2.69% 3.21%
49.07 59.05

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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