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Aspendale Gardens, VIC 3195

Home » VIC Real Estate Data » Kingston City, VIC » Aspendale Gardens, VIC 3195

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Aspendale Gardens, VIC 3195 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Aspendale Gardens, VIC 3195”

  1. The total adult population (15 years or older) of Aspendale Gardens 3195 VIC is 5,290, with a median age of 43. Of those, 57.26% are married, 8.03% are divorced or separated, 30.17% are single and 4.52% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,764. The median monthly mortgage repayment for households in this suburb is $2,000 which is 20.48% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the bustling state of Victoria, the suburb of Aspendale Gardens – 3195 is home to approximately 2336 households. Digging into the Q3 2023 statistics, the typical prices for houses in this neighbourhood is expected to be around the $1,131,128 mark. When juxtaposed with a median weekly rent of $612, an indicative yield of 2.81% is generated. Although this yield might be a tad below the high-yield mark for cashflow-focused investors, it’s crucial to factor in the overall market dynamics before making an investment decision.

    In terms of socio-economic demographic, Aspendale Gardens boasts an IRSAD score of 1063 out of 1217. This high score indicates a well-to-do population with good access to economic resources – a factor that can enhance the desirability of the suburb.

    The renter to owner ratio in Aspendale Gardens is quite low at 10%. Areas with low ratios often yield stable returns in the long run, as high rental competition is less likely. Furthermore, the units to houses ratio of 4% suggests a market dominated by houses, which tend to attract families who are likely to have longer-term tenancy periods.

    However, there is a noteworthy downside to the affordability scale. With an affordability index of 45 years, it could be a challenge to fully own a property in Aspendale Gardens for average income earners – a factor that can somewhat dampen the demand.

    On a more positive note, the supply metrics paint a favourable picture for the suburb. With a stock on market percentage for houses at 0.09%, the indication falls towards a low supply, which is beneficial for property owners and investors. The suburb’s inventory level for houses sits at a low 0.42 months, suggesting a vibrant market, quite open to new listings.

    The area also seems to have a slow yet steady growth, having a building approvals ratio of just 0.36% for houses.

    The buoyant demand for houses is also evident with a low average of 20 days on the market, reiterating the attractiveness of properties in this residential hub. The vacancy rate (combining houses and units) is at a low 0.82%, further indicating high demand and low availability of rental properties – a positive sign for landlords and investors.

    While the buy search index for houses comes in at 3, it’s essential to keep track of this trend. A buoyant market is often characterised by a high volume of property search activity.

    In conclusion, while there are some metrics swinging to both ends of the spectrum, the overall market condition of Aspendale Gardens seems favourable. Remember, a balanced combination of both favourable and unfavourable ranges across the metrics can still make for a good investment. RCS metric by HtAG Analytics can aid in such comprehensive analyses, leveraging over 80 metrics for nuanced insights. It’s always wise to keep yourself steeled against market volatilities by staying updated with the latest property market trends and data.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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