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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%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

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ABOUT ASPENDALE

Aspendale is a tranquil and prestigious bayside suburb located approximately 27 kilometres southeast of the Melbourne CBD. It is widely regarded as one of Melbourne's premier coastal locations, offering a relaxed, community-focused lifestyle that is particularly popular with established families and professionals.

Aspendale is defined by its pristine, wide sandy beach, extensive parklands, and its unique history as the site of a former world-class racecourse, which gives the suburb its name and a legacy of spacious, character-filled residential blocks.

The lifestyle in Aspendale revolves around the outdoors and the suburb's exceptional natural amenity. Aspendale Beach is frequently cited by locals as one of the best in Port Phillip Bay, featuring a 3-kilometre stretch of flat sand, historic beach huts, and shallow waters that make it ideal for swimming and family outings. The Aspendale Life Saving Club serves as a central social and safety hub on the foreshore. Inland, the suburb is home to the Rossdale Golf Club and expansive green spaces like Aspendale Park and the Edithvale-Seaford Wetlands, which offer a network of walking and cycling trails that connect the community to neighbouring suburbs.

Education is a primary drawcard for the area, with the suburb offering several highly regarded options including Aspendale Primary School (an International Baccalaureate World School) and St Louis de Montfort’s Primary School. Residents also benefit from being in the catchment for Mordialloc Secondary College and having easy access to prestigious private schools in nearby Mentone. For daily essentials and dining, the local shopping strips on Station Street and Laura Street provide a selection of cafes and specialty stores, while the larger retail and dining precincts of Mordialloc and Chelsea are just minutes away.

Connectivity is excellent, with the Aspendale Railway Station on the Frankston line providing a direct rail link to the city. The suburb is also well-integrated into the bus network and offers a straightforward commute via the Nepean Highway or the nearby Mornington Peninsula Freeway and EastLink.

From a property perspective, Aspendale is a stable and highly desirable "blue-chip" market characterised by a very high owner-occupation rate. The housing stock is a prestigious mix of beautifully preserved mid-century homes, modern luxury residences along the beachfront, and contemporary townhouse developments.

Residents typically hold their properties for long periods, fostering a secure and settled community atmosphere. The suburb’s combination of direct beach access, quality schooling, and transport links ensures it remains a resilient and high-performing residential enclave in Melbourne's south.

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%

PROUDLY SERVICING Aspendale

Barry Plant
Chelsea

394-395 Nepean Highway
View on Google Maps

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NEWS & INSIGHTS

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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.