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Investment Property Aspendale, VIC, 3195

Suburb Snapshot

Aspendale is a suburb in the Kingston Region of Victoria. Aspendale has a population of 6,949 people and 16.10% of its occupants live in rental accommodation. The median listing price for houses is $1,200,000 and this has changed -4.00% over the past year and changed 0.00% over 2 years.

The median rent in Aspendale for houses is $750 per week and the median rental yield is 3.25%. Stock on the market for houses/townhouses has changed -27.27% compared to last year and the average time to sell a house/townhouse is 54 days.The median listing price for units is $685,000 and this has changed -2.15% over the past year. The average unit takes 76 days to sell and the median rent for a unit in Aspendale is $550 per week, producing a rental yield of 4.17%.

Supply & Demand in Aspendale, Kingston

0.57%

Current vacancy rate


18

Rental stock available


6,949

Population


16.10%

Rental population


0.73%

Current vacancy rate


518

Rental stock available


151,389

Population


22.80%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Aspendale, Kingston

  House Townhouses Units
Median listing price $1,200,000 $1,200,000 $685,000
Median price change - last quarter 0.40% -2.54% -2.01%
Median price change - 1 year -4.00% -7.70% -2.15%
Median price change - 2 years 0.00% 20.00% -2.15%
  House Townhouses Units
Median weekly rent $750 $770 $550
Median yield % 3.25% 3.33% 4.17%
Median rent change - 1 year 7.14% 2.66% 13.40%
  House Units
Previous month sales 3 2
Stock on market previous month 24 12
Stock variance vs. last year -27.27% 200.00%
Average days on market 54 76

Aspendale investment property listings

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