Suburb Profile Report for Aspendale VIC (3195)

Aspendale House: Median price $1,087,500, Annual capital growth 7.50%, Number of sales 69, Weekly median advertised rent $550

Aspendale Unit: Median price $672,000, Annual capital growth 5.66%, Number of sales 30, Weekly median advertised rent $450

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

Giving property investors a a stable capital gain of 8.32% for the last year, Aspendale, 3195 is the 1239th highest performer in Australia in this respect.

Across a shorter period, Aspendale, 3195 has seen a median price increase of -1.58% over the last quarter.

Aspendale3195 is located in VIC which offers an average discount of -5.19% to property investors. Aspendale itself is showing figures that indicate -4.10% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 7.50%, investors should hope to achieve an overall return of 2.63%

Aspendale is in the bottom 20% in VIC when comparing median price capital growth over the last year. Aspendale gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.21%.

Aspendale,3195 was ranked 1194 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.65% offered to property buyers. Sellers in Aspendale itself are offering an average vendor discount of -6.23% to real estate investors.

Aspendale is 256th on a list of best yielding suburbs for rents in VIC with a 3.48% return

Metrics i HOUSE UNIT
$1,087,500 $672,000
-1.58% -1.90%
8.32% -4.21%
7.50% 5.66%
$550 $450
69 30
2.63% 3.48%
53.18 51.8

Source: CoreLogic

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