Suburb Profile Report for Aspendale Gardens VIC (3195)

Aspendale Gardens House: Median price $830,000, Annual capital growth 6.18%, Number of sales 42, Weekly median advertised rent $530

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Investment property in Aspendale Gardens has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.75%

Over the longer term, Aspendale Gardens has seen property prices show investors a 10.96% return over the last 3 years. This is worse than over the last 12 months

At number 377th of VIC’s most discounted properties, Aspendale Gardens is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $530 weekly from the median priced house in this suburb.

Metrics	HOUSE	UNIT
Median price	$830,000	N/A
Quarterly growth	-3.49%	N/A
12-month growth	-10.75%	N/A
Average Annual Growth	6.18%	N/A
Weekly median advertised rent	$530	N/A
Number of sales	42	N/A
Gross rental yield	3.32%	N/A
Days on market	56.7307692307692	N/A

Your estimated repayment
$3,211.28/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

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

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Demographics

Total population	6596
Median household income ($/weekly)	1634
Median age of persons	39
Median housing loan repayment ($/monthly)	1820
Average household size	3.1

Census	Count	Percent(%)
5-14 years	1082	16.4
25-34 years	553	8.4
35-44 years	1133	17.2
45-54 years	1147	17.4
55-64 years	651	9.9
Others	2030	30.8

Age Group

Census	Count	Percent(%)
Registered Married	2906	60.7
Not Married	1634	34.1
Defacto Relationship	247	5.2

Social Marital Status

Census	Count	Percent(%)
Australia	4312	68.3
Indonesia	183	2.9
Sri Lanka	106	1.7
United Kingdom	350	5.5
Other	308	4.9
Others	1058	16.7

Country of Birth

Census	Count	Percent(%)
Buddhism	251	4.1
Christianity	4303	70.2
Hinduism	193	3.1
Islam	139	2.3
No Religion	1199	19.6
Others	46	0.8

Religious Affiliation

Census	Count	Percent(%)
$800-$999	150	8.2
$1,000-$1,249	164	8.9
$1,500-$1,999	272	14.8
$2,000-$2,499	239	13.0
$2,500-$2,999	219	11.9
Others	793	43.2

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	2099	42.6
Not in the labour force	1435	29.1
Employed, worked part-time	1086	22.0
Employed, away from work	181	3.7
Unemployed, looking for work	131	2.7

Person Characteristics

Census	Count	Percent(%)
Managers	437	13.0
Professionals	659	19.6
Technicians & trades workers	527	15.7
Clerical & administrative workers	578	17.2
Sales	391	11.6
Others	774	23.0

Occupation

Census	Count	Percent(%)
Pre-school	111	6.1
Infants/Primary	690	37.7
Secondary	612	33.4
Technical or Further Educational Institution	130	7.1
University or other Tertiary Institutions	236	12.9
Others	51	2.8

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	5916	93.9
Semi-detached, row or terrace house, townhouse	317	5.0
Flat, unit or apartment	65	1.0
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0