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City of Kingston

Aspendale

Aspendale Property Market
& Suburb Profile

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MEDIAN PRICES IN ASPENDALE

Median house price

(all agencies, last 12 months)$1.3m*

House price change

(all agencies, last 12 months)+2.38%

Median unit price

(all agencies, last 12 months)$848k*

Unit price change

(all agencies, last 12 months)+4.63%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

ASPENDALE price TRACKER

HousesUnits

Aspendale sales overview

  • Sold by Auction 50%
  • Sold by Private Sale or Other Method 50%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)26

Average days on market (units)

(all agencies, 12 months)38

Auction clearance rate in Aspendale

(all agencies, last 12 months)50%

Average held period in Aspendale

(proptrack)13 years

Aspendale Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$771pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$645pw

Average rental yield for Houses

(all agencies, last 12 months)2.8%

Average rental yield for Units

(all agencies, last 12 months)3.61%

Aspendale total population size

(as at the last census)7,285

Median household size in Aspendale

(as at the last census)2.7

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Aspendale property types

  • Houses 42%
  • Units 24%
  • Other 34%

OCCUPANCY in Aspendale

  • Owned 80%
  • Rented 18%
  • Other/Not Stated 2%
  • Singles 21%
  • Families 77%
  • Other 2%

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About Aspendale

Aspendale is bordered by Port Phillip to the west, Mordialloc and Braeside to the north, Edithvale to the south, and Aspendale Gardens to the east.

Aspendale is a suburb in Melbourne, Victoria, Australia, 27 km southeast of Melbourne's Central Business District, located within the City of Kingston local government area. Aspendale recorded a population of 7,285 at the 2021 census. Neighbouring suburbs include Edithvale, Mordialloc and Aspendale Gardens.

Aspendale is bisected by the Nepean Highway and the Frankston train line. These provide the main connections to inner Melbourne and the suburbs south of Aspendale. Aspendale has its own train station, which forms part of the Frankston line.

On the beach side of the highway, there is more medium-density development, some larger blocks with older houses remain in this area, although many larger blocks have been subdivided into flats and units over the past two decades. On the other side of the Nepean Highway, housing is typically low-density.

The Eastern boundary of Aspendale is the Mordialloc main drain. This area is very picturesque, with eucalypts and a long gravel track that extends from Mordialloc Creek, past the back of St Louis De Montfort's School to the Edithvale wetlands.

Recreational facilities in Aspendale include the Rossdale Golf Course and Aspendale Life Saving Club and sports clubs include the Aspendale Cricket Club and the St Brigid-St Louis Cricket Club. In conjunction with neighbouring suburb Edithvale, Aspendale has an Australian Rules football team (Edithvale-Aspendale) competing in the Mornington Peninsula Nepean Football League (the original team of Gerard Healy), Aspendale is home to primary schools - St Louis de Montfort's School Aspendale and Aspendale Primary School; Yarrabah School Aspendale; two kindergartens - Aspendale North Kindergarten and Nola Barber Kindergarten; and one secondary school - Mordialloc Secondary College.

One of Melbourne's nicest beaches is Aspendale.

From any place in Aspendale, trains are easily accessible, and buses travel a variety of routes. There is a train station at Aspendale that is a part of the Frankston line. The retail centres at Southland, Bayside, and Keysborough are nearby.

There are two small commercial areas in Aspendale, located in Station Street and Laura Street. These take the form of single-sided strip shopping centres.

The Commonwealth Scientific and Industrial Research Organisation facility at Aspendale houses about 150 staff from CSIRO Marine and Atmospheric Research, together with scientific facilities such as a wind tunnel for calibrating anemometers, and laboratories for studying air pollution and climate change.

Suburbs Nearby:

  • Braeside
  • Edithvale
  • Aspendale Gardens
  • Mordialloc

Great for:

  • Schools
  • Peace & Quiet
  • Resale or Rental Value
  • Neighbourly Spirit

Who lives here:

  • Families with kids
  • Professionals
  • Retirees
  • Singles
  • Beach Lovers

References: Wikipedia and Homely

Are we missing anything about Aspendale, or does anything here need updating? Feel free to email us suggestions to: [email protected].

Education

Aspendale Primary School
St Louis de Montfort's School
Yarrabah School
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Sales Comparison

Find out how Aspendale median sales prices compare to neighbouring suburbs.

Aspendale MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025139$1,090,5002.38%123$708pw3.21%
2024158$1,053,750-0.38%104$705pw3.54%
2023104$1,030,000-7.14%112$672pw3.36%
2022107$1,155,0008.78%133$588pw3.06%
2021158$1,048,10016.47%120$543pw2.65%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025139$1,090,500+2.38%
2024158$1,053,750-0.38%
2023104$1,030,000-7.14%
2022107$1,155,000+8.78%
2021158$1,048,100+16.47%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025123$708pw3.21%
2024104$705pw3.54%
2023112$672pw3.36%
2022133$588pw3.06%
2021120$543pw2.65%

Browse more suburbs

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.