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Suburb Insights ยท VIC 3195

Aspendale Gardens 3195, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Aspendale Gardens is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 6,427, making it a smaller community. Located approximately 27 km from the Melbourne CBD, Aspendale Gardens is a outer metro area in Victoria. The median household income is $114,920 AUD per year (ABS 2021 Census).

Investment Score

74 / 100 Good

Above-average earnings in Aspendale Gardens support sustained property values.

Location

Map shows Aspendale Gardens, Victoria, Australia.

Key Indicators

Postcode
3195

Official Australia Post postcode for Aspendale Gardens. A postcode may cover multiple suburbs.

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Population
6,427

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$496/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$114,920/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
27 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
2

Estimated 2 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
3

Estimated 3 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,000/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
82% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Aspendale Gardens's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $496/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,000/month. A median household income of $114,920/year supports premium property values and indicates a well-employed resident base. 82% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Aspendale Gardens offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Rental returns in Aspendale Gardens are attractive relative to purchase prices, supporting positive cash flow.

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Renovation / Flip

Limited buyer depth in Aspendale Gardens makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Aspendale Gardens property

Full Property Analysis

30-year projections for Aspendale Gardens

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Strong

Aspendale Gardens is expected to see moderate price growth in 2026 as the broader Victoria market stabilises. Tenants in Aspendale Gardens have options โ€” presenting well-maintained properties is key to minimising vacancy. Confidence in Aspendale Gardens's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Aspendale Gardens a good suburb for investment?

Aspendale Gardens is a outer metro area in Victoria with a population of 6,427. The median rent is $496/week and the median household income is $114,920/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Aspendale Gardens?

Key demand drivers in Aspendale Gardens include affordability relative to inner suburbs and expanding infrastructure. 82% of dwellings are separate houses. The area has approximately 2 schools and 3 parks nearby.

What is the population of Aspendale Gardens?

According to the ABS 2021 Census, Aspendale Gardens has a population of approximately 6,427. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Aspendale Gardens from the Melbourne CBD?

Aspendale Gardens is approximately 27 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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