Aspendale
Suburb profile, market snapshot and recent listings for Aspendale, VIC 3195.
About Aspendale
Welcome to Aspendale
Aspendale sits on Melbourne's south-eastern bayside fringe, about 27 kilometres from the CBD, sandwiched between Mordialloc and Edithvale along the Frankston train line. It's the kind of suburb where the beach is a genuine daily fixture rather than an occasional outing, and where quiet residential streets give way quickly to sand, sailing clubs and coastal reserve.
With a population of 7,285 and a median age of 40, Aspendale has long attracted families and downsizers looking for bayside living without the price tag or crowds of Melbourne's more famous beach suburbs. It suits people who want space, a slower pace and easy access to water, while still being close enough to the city for a daily commute.
Lifestyle & dining
Life in Aspendale revolves around the foreshore. The beach, the Aspendale Life Saving Club and the Edithvale-Aspendale Wetlands give locals a mix of swimming, walking and birdwatching options right on their doorstep. The Aspendale Bowls Club and nearby yacht and sailing clubs add to the relaxed, outdoorsy character of the area, while cafes and eateries dotted along the local shopping strips cater to the daily coffee run rather than big nights out.
For a wider selection of restaurants and bars, residents tend to head to nearby Mordialloc, which has developed a strong cafe and dining scene along its own foreshore and main street, or further afield to Parkdale and Chelsea.
Shopping
Aspendale has a small, practical local shopping village geared towards everyday needs, with supermarkets, specialty stores and services within easy reach. Bigger shopping trips are typically made to Mordialloc or the Southland precinct further up the Nepean Highway, both a short drive or train ride away, giving residents access to major retailers without losing the low-key feel of the suburb itself.
Getting around
Aspendale railway station, on the Frankston line, puts the CBD within easy reach and connects locals to neighbouring stations at Mordialloc and Edithvale. The Nepean Highway runs close by, making car trips north to the city or south towards Frankston and the Mornington Peninsula straightforward, while local roads link through to Aspendale Gardens and Waterways for those heading further east.
Schools & families
Families are well served locally, with Aspendale Primary School and St Louis de Montfort's School both within the suburb, and Yarrabah School providing specialist education options nearby. The combination of beachside recreation, parks and reasonably priced local schooling has made Aspendale a consistent drawcard for young families and those upsizing from more built-up bayside pockets.
Parks & recreation
Beyond the beach itself, the Edithvale-Aspendale Wetlands is a genuine drawcard for walkers, cyclists and birdwatchers, offering a rare stretch of protected wetland habitat within a suburban setting. Sporting clubs, bowls, sailing and lifesaving all give residents plenty of ways to get involved in community life, and the flat, coastal terrain makes it an easy suburb for walking and cycling.
The property market
Aspendale's property market reflects its bayside appeal, with a median house price of $1.33 million after growth of 15.9% recently, and units and apartments sitting at a median of $750,000. Median rent across the suburb is $765 per week, underlining strong demand from both buyers and tenants keen on a bayside address within commuting distance of the city.
Current listings show a dwelling mix weighted towards traditional housing stock, with houses making up 49% of stock, townhouses 20%, apartments and units 25%, and land 5%. That spread gives buyers a reasonable choice between freestanding family homes, lower-maintenance townhouses and unit options, appealing to everyone from first-home buyers to downsizers looking to stay near the coast.
Market snapshot
Aspendale property market
Median sale price
$1.33m
House · 3 bed
Median rent
$765
per week
Gross rental yield
3.0%
annual rent ÷ sale price
Typical price range
Entry
$879k
Median
$1.33m
Premium
$2.09m
Days on market
34
Auction clearance
65%
Sold this year
57
Median sold price trend · House 3 bed
Compound growth +1.5% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Aspendale by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Aspendale, VIC 3195.
Population
7,285
residents (2021)
Median age
40
years
Household income
$2,343
median, per week
Median rent
$460
per week
Median mortgage
$2,383
per month
Mortgage / income
23%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Aspendale
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Aspendale
$1.84m
7/200 Nepean Highway
Sold ~July 2026
$1.36m
9 James Avenue
Sold ~July 2026
$915k
4/26 Gothic Road
Sold ~July 2026
$733k
5/42 Station Street
Sold ~July 2026
$652k
2/124-125 Station Street
Sold ~July 2026
$2m
19 James Avenue
Sold ~July 2026
$1.37m
34 Laura Street
Sold ~July 2026
$3.10m
12 First Avenue
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Aspendale
Compare the area
Price map around Aspendale
Every listing for sale near Aspendale, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Aspendale suburb FAQ
What is the median property price in Aspendale?
The median house price in Aspendale, VIC is $1.33m for a 3-bedroom home. Over the past year, median sold prices have risen about 15.9%.
How much is rent in Aspendale?
The median weekly rent in Aspendale is around $765 per week.
Is Aspendale a good place to live?
Aspendale is a suburb in Melbourne, Victoria, Australia, 27 km south-east of Melbourne's Central Business District, located within the City of Kingston local government area. Aspendale is an established residential suburb in VIC, with a population of around 7,285 and 3 schools in the area.
What is the population of Aspendale?
Aspendale has a population of 7,285 (ABS 2021 Census), with a median age of 40.
What schools are in Aspendale?
There are 3 schools in or near Aspendale, including Yarrabah School, Aspendale Primary School and St Louis de Montfort's School.
How long do homes take to sell in Aspendale?
Properties in Aspendale take around 34 days to sell on average, with an auction clearance rate of about 65%.
How much do you need to buy in Aspendale?
Entry-level properties in Aspendale start around $879k, while premium homes reach $2.09m.
What suburbs are near Aspendale?
Suburbs near Aspendale include Mordialloc, Parkdale, Edithvale, Aspendale Gardens and Waterways.
Fresh to market
New this week in Aspendale
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