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Aspendale, VIC 3195

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

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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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, VIC 3195”

  1. The total adult population (15 years or older) of Aspendale 3195 VIC is 5,765, with a median age of 40. Of those, 51.69% are married, 10.15% are divorced or separated, 33.17% are single and 4.86% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $11,236. The median monthly mortgage repayment for households in this suburb is $2,383 which is 21.21% of their earnings.

    Source: ABS Census Data (2021)

  2. As the third quarter of 2023 unfolds, we find ourselves in the suburb of Aspendale, postal code 3195. Located in Victoria, this serene suburb is home to approximately 3148 households. A look into the housing market here reveals that typical prices for houses are hovering around the $1,332,875 mark. With a median weekly rental price of $625, these houses are generating an indicative yield of 2.44%, which is slightly below the preferable yield of 3%.

    When exploring the fundamental socio-economic landscape, Aspendale has exhibited a fairly strong IRSAD score of 1087 out of 1217, denoting a relatively prosperous economic status for its residents. In terms of composition, the market is primarily dominated by homeowners, as shown by the renter to owner ratio, which sits healthily at 18%. Furthermore, the units to houses ratio of 20% suggests a well-balanced market, less likely to be oversaturated with units and more apt to attract long-term tenants, a positive point for potential investors.

    However, it is imperative to factor in affordability. Currently, it would on average take a significant 46 years to fully own a property in Aspendale, based on the local affordability index, making this a sprawling task for potential buyers.

    Examining supply-side dynamics, the stock on market Percentage stands at a favourable 0.15%, indicating lower levels of unsold properties. The inventory levels at a low 0.56 months, too, show the fast absorption of new listings, which combined with a building approvals Ratio of 1%, suggests a well-regulated supply of new houses.

    From the perspective of demand, houses average 35 Days on the Market, indicating a relatively high demand given the lower thresholds of around 90 days. The vacancy rate, meanwhile, sits at a neutral 2.71%, highlighting balanced demand for both units and houses. Finally, the buy search index is set at 4, standing between the preferable range of 3 and 6, marking balanced interest from potential buyers.

    While some metrics might appear outside the favourable ranges, the panorama of other reassuring measurements suggests that investment in Aspendale could indeed be profitable when coupled with careful consideration and ongoing market vigilance. Employing tools such as the HtAG Analytics’ RCS metric, which harmonises research over 80 variables, could further aid in offering a thorough understanding of Aspendale’s property climate.

    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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