Aspendale, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Aspendale
VICCensus 2021 · Population 7,288
Aspendale is a suburb with a population of 7,288, characterized by a slightly older median age of 40 compared to the Victorian average of 38. The gender distribution is fairly balanced with 49.0% males and 51.0% females. Families are a significant part of the community, with 53.8% of households being couples with children, which is higher than the Victorian average. The suburb also has a notable proportion of single-person households at 21.1%. The area is predominantly Australian-born, with 78.1% of residents born in Australia, and a high percentage of English-only speakers at 86.8%.
Key Highlights
- High median household income - $2,343 weekly (vs VIC $1,759)
- Low unemployment rate - 3.8% (vs VIC 5.0%)
- Significant work-from-home culture - 34.5% (vs VIC 25.7%)
- Highly educated population - 34.0% hold bachelor degrees (vs VIC 29.2%)
- Predominantly Australian-born community - 78.1%
Things to Consider
- Higher median age may not appeal to younger demographics
- Limited public transport usage at 3.4%
- Higher property costs with median monthly mortgage at $2,383
- Lower rental market presence at 17.6% (vs VIC 28.5%)
- Limited diversity with 86.8% speaking only English at home
What's it like living here?
Daily life in Aspendale is influenced by its high proportion of residents working from home, at 34.5%, which is significantly higher than the Victorian average of 25.7%. Commuting is primarily done by car, with 44.6% of residents driving to work, while only 3.4% use public transport. The community has a strong professional presence, with 29.3% of the workforce employed as professionals. The suburb's housing market is dominated by separate houses, making up 69.1% of the housing stock, and a high rate of home ownership, with 38.0% owned outright.