All About Aspendale, Kingston (Vic.), VIC, 3195

Aspendale, a suburb located in the City of Kingston, Victoria, offers a unique blend of coastal charm and suburban comfort, making it an attractive area within the Melbourne metropolitan. The housing market in Aspendale has seen consistent demand, largely due to its scenic beachside location, family-friendly amenities, and close-knit community atmosphere. Properties here range from classic 1970s homes to modern architectural designs, catering to diverse buyer preferences. Over recent years, the market has experienced modest price appreciation, influenced by the suburb's desirability and limited housing supply. The convenience of its location, with easy access to the Nepean Highway and proximity to the Aspendale train station, adds further value, making it an appealing choice for commuters heading into Melbourne's CBD.

Living in Aspendale offers residents a harmonious lifestyle, characterized by its serene beaches, local parks, and vibrant community spirit. Families are often drawn to the area because of the excellent schools, such as Aspendale Primary School, and the abundance of recreational activities available, including cycling along the scenic trails and water sports in Port Phillip Bay. The suburb exudes a relaxed coastal vibe, with local coffee shops, restaurants, and small businesses contributing to a sense of community and convenience. Additionally, the suburb's extensive green spaces and recreational facilities, like the Aspendale Tennis Club and Rossdale Golf Club, provide ample opportunities for outdoor activities. With its friendly neighborhood feel and picturesque setting, Aspendale continues to be a sought-after location that promises an enviable quality of life.

Aspendale Real Estate Market Outlook

Thinking about buying in Aspendale? Now could not be a better time, with 3775 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,630,000 with prices in this suburb ranging from $429,000 to $9,372,000. Aspendale is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Aspendale ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Aspendale classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Aspendale requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Aspendale we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Aspendale a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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