Aspendale Gardens, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Aspendale Gardens
VICCensus 2021 · Population 6,428
Aspendale Gardens is a suburb with a total population of 6,428, characterized by a median age of 43, which is higher than the Victorian average of 38. The suburb is predominantly composed of family households, with 82.9% of households being family-based. Couples with children make up 57.6% of the population, indicating a strong family presence. The area shows a high level of home ownership, with 39.4% of homes owned outright and 44.7% owned with a mortgage.
Key Highlights
- Above average household income - $2,210 weekly (vs VIC $1,759)
- High home ownership - 84.3% separate houses (vs VIC 73.4%)
- Low unemployment rate - 3.9% (vs VIC 5.0%)
- Significant work-from-home population - 26.3% (vs VIC 25.7%)
- Predominantly English-speaking - 71.0% speak only English at home
Things to Consider
- Higher median age may not appeal to younger demographics
- Limited public transport usage at 2.5%
- Lower percentage of bachelor degree holders - 26.4% (vs VIC 29.2%)
- Relatively low rental market at 10.4%
- Median weekly rent of $496 may be high for some
What's it like living here?
Daily life in Aspendale Gardens is likely to be centered around family activities, given the high percentage of family households. Commuting is primarily done by car, with 52.6% of residents driving to work. A significant portion of the population, 26.3%, works from home, which is slightly above the Victorian average. The community feel is likely to be close-knit, with many residents having lived in the area for an extended period.