Located in Victoria within the Kingston (Vic.) local government area, Aspendale Gardens is a medium-sized suburb (postcode 3195). With a population of 6,427, the suburb has an established family demographic with a median age of 43. Households earn a median income of $115K per year, with an average household size of 2.9 people. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Aspendale Gardens stand at $1.2 million, having posted strong gains by 8.4% over the last twelve months. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,000.
Aspendale Gardens is served by 1 school, including 1 primary. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
On the investment side, Aspendale Gardens shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +8.4% year-on-year.