Question 1

Is Aspendale a nice place to live?

Accepted Answer

Aspendale sits on Port Phillip Bay and has a long sandy beach with a wide foreshore reserve, including walking and cycling paths. It keeps a village feel around a small shopping strip and the local railway station on the Frankston line, providing convenient rail access. Housing ranges from weatherboard cottages and mid-century bungalows to contemporary renovations, while parks, sports ovals and seaside playgrounds support outdoor activity and neighbouring bayside suburbs supply additional dining and retail options.

Aspendale is home to 7,285 people, with a median age of 40 and a median household income of $2,343 a week. Families are dominant, with couple families with children making up 53.7% of families and, together with couple families without children (31.3%), accounting for 85.0% of all families. Most homes are owner-occupied (about 82.0% combined) and renters are around 18.0%. The suburb is included in the Frankston Line level crossing removal program, which includes a new premium Aspendale station, removal of crossings and new walking and cycling links to Main Street and Attenborough Park. That mix will suit people seeking a quieter coastal lifestyle with easy train access and local shops.

Question 2

Is it expensive to live in Aspendale?

Accepted Answer

Buying in Aspendale sits noticeably above local incomes at the last Census. A median house price of $1,300,000 is about 10.7 times a typical local annual household income at the last Census, and the median unit price of $734,000 is about 6.0 times that annual income, so both purchase options sit well above what households in the area earned at the last Census. Looking at renting, an average house rent of $845 a week would take about 36.1% of a typical local household's weekly income at the last Census, a sizeable share, while an average unit rent of $578 a week would take about 24.7%, a moderate share. Whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Aspendale a good place to invest?

Accepted Answer

The clearest picture this year is a split between houses and units. In Aspendale, house values rose a solid 7.6% over the past 12 months and house rents climbed 7.0%, so both capital value and rental income for houses increased at similar, notable rates. Units moved the other way: unit values slipped 1.9% and unit rents fell 2.0% over the same period, so the unit side saw small declines in both measures.

If capital growth or rental income from houses is your priority, the house figures are the ones to watch; if you are focused on units, the recent readings show modest falls. Which of those outcomes matters to you will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.30M	$734K
Change in value Past 12 months	7.6%	-1.9%
Sold Past 3 months	13	12
Median days on market Past 12 months	41	24
Average rent Past 12 months	$845	$578
Change in rent Past 12 months	7.0%	-2.0%

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