Suburb Profile Report for Aspendale VIC (3195)

Aspendale House: Median price $1,015,000, Annual capital growth 6.23%, Number of sales 97, Weekly median advertised rent $565

Aspendale Unit: Median price $774,500, Annual capital growth 5.70%, Number of sales 47, Weekly median advertised rent $465

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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 4.64%

The five-year average increase in median property values for Aspendale,3195 has given property investors a potential capital gain of 40.48% across each of those five years.

Sellers are offering property buyers an average discount of -5.58% to buyers in Aspendale at the moment, which is less than average for the rest of VIC.

Using the current median advertised rental of $565 and the average annual increase in value of a median property of 6.23%, investors should hope to achieve an overall return of 2.89%

If you compare the increase in value of investment property in Aspendale, 3195 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.31%.

When looking at the potential capital gains offered to property investors over the last 3 years, Aspendale comes in at number 179th in VIC.

Aspendale is 341th on a list of best yielding suburbs for rents in VIC with a 3.12% return

Metrics i HOUSE UNIT
$1,015,000 $774,500
2.73% 9.08%
4.64% 16.31%
6.23% 5.70%
$565 $465
97 47
2.89% 3.12%
67 64.2777777777778

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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