Suburb Profile Report for Aspendale VIC (3195)

Aspendale House: Median price $971,000, Annual capital growth 7.36%, Number of sales 80, Weekly median advertised rent $485

Aspendale Unit: Median price $734,000, Annual capital growth 5.63%, Number of sales 26, Weekly median advertised rent $493

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

Over the last year, property investments in Aspendale, 3195 have given investors a capital gain of -13.50%. This compares very badly with the 3.76% for VIC as a whole.

A 56.61% growth in median value for property investors in Aspendale,3195 puts this suburb at number 677th in terms of best performing suburbs in VIC

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Aspendale, 3195. Typically our figures indicate that -8.66% is being offered, which puts this VIC suburb at 385th most discounted overall in Australia.

In the last year 80 properties changed hands in Aspendale, which puts it as the 324th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Aspendale being $971000 and the advertised rent reaching $485 the gross rental yield for property investors calculates out to be 2.60%

If you compare the increase in value of investment property in Aspendale, 3195 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -6.50%.

Aspendale,3195 has offered an average of -6.50% return per annum in house price rises to property investors over the last three years.

Advertised rents are around the $492.5 mark per week – giving a return of 3.49% based on the median price in Suburb

Metrics i HOUSE UNIT
$971,000 $734,000
-7.17% 1.73%
-13.50% -6.50%
7.36% 5.63%
$485 $493
80 26
2.60% 3.49%
54 42.06

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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