Over the last year, property investments in Aspendale, 3195 have given investors a capital gain of -5.97%. This compares badly with the -1.79% for VIC as a whole.
Aspendale,3195 has offered an average of -5.97% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Aspendale 3195 should be seeing an average reduction in asking price of around -9.07% . This means that Aspendale is holding prices well when compared to other suburbs in VIC.
In the last year 85 properties changed hands in Aspendale, which puts it as the 275th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $495 mark per week – giving a return of 2.57% based on the median price in Suburb
Aspendale has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.66% to date .
Over the longer term, Aspendale has seen property prices show investors a 23.16% return over the last 3 years. This is worse than over the last 12 months
In the last year 24 properties changed hands in Aspendale, which puts it as the 227th most active market in VIC when comparing the number of sales per suburb.
A $495 per week rent on the median house gives suburb investors a gross yield of circa 3.43%, without taking into account capital value appreciation, which has been averaging out at 5.03%.