Aspendale

Aspendale is a vibrant suburb with a growing population, particularly in the age groups of 5 to 19 years and 45 to 64 years. The median household income is above average, indicating a stable economic base. The most common occupations include Managers, Professionals, and Technicians/Trade workers. Commuting primarily involves motor vehicles and working from home is a popular choice. The suburb offers good access to public transport options and has a moderate ICSEA percentile for Government Schools. Aspendale presents opportunities for both homebuyers and property investors. With a diverse range of demographics and a good mix of occupations, the suburb has potential for strong rental demand. The market absorption rate suggests a balanced market for both house and unit investments. The high room demand-supply ratio indicates potential for shared accommodation ventures. Aspendale is an appealing suburb with a balanced property market, making it suitable for both homeowners and investors. The strong growth in median sale prices over the past years indicates a healthy property market. The suburb's proximity to amenities and transportation options further enhances its attractiveness for potential buyers and tenants. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022