Aspendale Gardens vs Moorabbin
Property investment comparison - Aspendale Gardens, VIC 3195 vs Moorabbin, VIC 3189
Head-to-head across core investment metrics: Aspendale Gardens wins 1, Moorabbin wins 4. 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 | Aspendale Gardens | Moorabbin |
|---|---|---|
| Median house price | $1.3M | $1.3M |
| Median unit price | - | $765K |
| Gross rental yield (houses) | 3.29% | 3.20% |
| Gross rental yield (units) | 4.38% | 4.42% |
| 1-year house growth | +5.9%estimate | +6.1% |
| 3-year house growth | - | -0.8% |
| Vacancy rate | 1.8% | 1.0% |
| Population | 6,427 | 6,287 |
Aspendale Gardens vs Moorabbin: what the numbers say
The median house price is $1.3M in Aspendale Gardens and $1.3M in Moorabbin, so Moorabbin is the cheaper entry point, with Aspendale Gardens houses about 1% dearer.
On cash flow, Aspendale Gardens leads: houses there return a gross rental yield of 3.29%, compared with 3.20% in Moorabbin, a gap of 0.09 percentage points.
Over the past year house prices moved +5.9% in Aspendale Gardens (an estimate) and +6.1% in Moorabbin, so recent momentum favours Moorabbin, although both suburbs recorded growth.
Rental vacancy is 1.0% in Moorabbin and 1.8% in Aspendale Gardens, so landlords in Moorabbin face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Aspendale Gardens is the bigger suburb, with a population of 6,427 against 6,287, larger than Moorabbin; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Aspendale Gardens for rental income, Moorabbin for a lower purchase price, Moorabbin for recent price momentum, Moorabbin for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Aspendale Gardens, VIC 3195
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