Ashwood vs Aspendale
Property investment comparison - Ashwood, VIC 3147 vs Aspendale, VIC 3195
Head-to-head across core investment metrics: Ashwood wins 2, Aspendale wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Ashwood | Aspendale |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | $1.0M | $865K |
| Gross rental yield (houses) | - | 3.00% |
| Gross rental yield (units) | - | 4.14% |
| 1-year house growth | -6.2% | +5.2%estimate |
| 3-year house growth | -1.4% | - |
| Vacancy rate | 0.6% | 1.0% |
| Population | 7,154 | 7,285 |
Ashwood vs Aspendale: what the numbers say
The median house price is $1.4M in Ashwood and $1.4M in Aspendale, so Ashwood is the cheaper entry point, with Aspendale houses about 1% dearer.
For units, Ashwood sits at a median of $1.0M against $865K in Aspendale, which makes Aspendale the more affordable unit market and Ashwood the pricier one.
Over the past year house prices moved -6.2% in Ashwood and +5.2% in Aspendale (an estimate), so recent momentum favours Aspendale, while Ashwood went backwards.
Rental vacancy is 0.6% in Ashwood and 1.0% in Aspendale, so landlords in Ashwood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Aspendale is the bigger suburb, with a population of 7,285 against 7,154, larger than Ashwood; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ashwood for a lower purchase price, Aspendale for recent price momentum, Ashwood for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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