Aspendale (postcode 3195) is a medium-sized suburb in Victoria within the Kingston (Vic.) local government area. The area has roughly 7,285 residents and an established family demographic, with a median age of 40. Households earn a median income of $122K per year, with an average household size of 2.7 people. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, 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 education. The top ancestries reported are English, Australian, Irish.
The median house price in Aspendale is $1.3 million, having fallen by 3.3% over the past year. Units have a median price of $519,000 (-36.4% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,383.
Aspendale is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 18 rail stations. The crime rate in the Kingston (Vic.) LGA is moderate at 7,078 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices are above the state median ($1.3M/$850K), placing it in the premium segment. The price-to-income ratio of 10.8x is considered stretched. House prices have moved -3.3% year-on-year.