Suburb Profile Report for Aspendale VIC (3195)

Aspendale House: Median price $836,000, Annual capital growth 8.04%, Number of sales 76, Weekly median advertised rent $485

Aspendale Unit: Median price $652,500, Annual capital growth 8.15%, Number of sales 40, Weekly median advertised rent $415

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$836,000 $652,500
-0.71% 5.93%
7.18% 8.75%
8.04% 8.15%
$485 $415
76 40
3.02% 3.31%
61.92 71.6

Source: CoreLogic

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