Aspendale Gardens Median Prices 2026: Houses, Units & What the Market Actually Shows

You are pricing Aspendale Gardens and the headline number is not subtle: houses are sitting at $560,772, while units are at $512,861. Use this to decide whether you are buying the family house, the lower-maintenance unit, or waiting.

The Verdict

The smarter buy in Aspendale Gardens right now is the median house at $560,772, provided you can handle the deposit and do not need a high rental yield. The reason is simple: house prices are doing the heavy lifting, up 8.4% year on year, compared with 2.2% for units and apartments. That gap matters because this is not a suburb where the unit discount is huge enough to make the trade-off obvious. With units at $512,861, the median difference is only $47,911, so a buyer who can stretch from a two-bedroom unit into a three-bedroom house is buying more land-linked upside for a relatively narrow step up.

The catch is cash flow. A 20% deposit on the median house is $112,154 before buying costs, and stamp duty is listed at $30,842, or $25,234 for eligible first-home buyers with concessions. Units are easier to enter at a $102,572 deposit and show a stronger 4.1% rental yield, versus 3.4% for houses. So investors chasing yield have a decent argument for the unit. But owner-occupiers and families should look hard at houses first, especially three-bedroom homes around the $560,772 median. Do not get hypnotised by the cheapest two-bedroom house number at $392,540 if it means buying the wrong size home; you will likely pay again when you outgrow it.

Local Reality

Aspendale Gardens is moving like a tight, family-led market rather than a sleepy fringe suburb. The median days on market is 33 days, which means good homes are not vanishing overnight, but you also cannot treat this like a bargain-hunting suburb where you wait three Saturdays and then throw in a lazy low offer. The reported auction clearance rate is 78%, and there were 166 settled sales across the last 12 months, so the market has enough turnover to read the numbers but not so much stock that buyers can be casual.

The local reality is that the house-versus-unit decision is more compressed than many buyers expect. A two-bedroom unit has a median of $512,861, while a three-bedroom house median is $560,772. That makes the house premium feel manageable on paper, but the borrowing test is not just the purchase price. The stamp duty, deposit, maintenance, insurance, and the cost of competing for quality family stock all matter. If you are already near your lending ceiling, the unit may be the cleaner purchase even if the long-term growth number looks less exciting.

Use the sources properly: these figures come from settled sales reported through REIV, Domain, and CoreLogic, not asking prices or agent optimism. That matters in Aspendale Gardens because one renovated family home can make a street feel hotter than the suburb-wide median supports. Skip this if you are trying to value one specific property from the suburb median alone. If the home is materially larger, newer, better positioned, or awkwardly compromised, the table is a starting point, not a valuation.

Who This Suits

If you are a first-home buyer with enough deposit for a house, pick the three-bedroom house bracket around the $560,772 median and leave room for stamp duty and inspections. If you are deposit-constrained, pick the two-bedroom unit or apartment path at the $512,861 median rather than forcing a house purchase that leaves you exposed. If you are an investor, the unit case is stronger because the rental yield is listed at 4.1%, compared with 3.4% for houses. If you are upgrading for family space, the four-bedroom house bracket at $729,003 is the more realistic number to budget around, not the suburb-wide house median.

Cost expectations are where buyers need to be blunt with themselves. The median house deposit at 20% is $112,154, and the median unit deposit is $102,572. On top of that, the listed stamp duty on the median house is $30,842, with a first-home buyer concession figure of $25,234 where eligible. For houses by bedroom count, the market steps from $392,540 for two bedrooms to $560,772 for three, $729,003 for four, and $897,235 for five-plus. That means the family-home upgrade is a real jump, not a small lifestyle premium.

Timing matters too. The 2026 year-to-date median house price of $560,772 follows $517,238 in 2025 and $477,084 in 2024, so buyers using old expectations will feel behind. Units have risen more slowly, from $502,043 in 2025 to $512,861 in 2026 year-to-date. If you are buying in a competitive auction window, assume quality houses will be defended hard. If you are yield-focused, watch the rental side closely: the vacancy rate is listed at 1.1%, which is tight and landlord-favourable, but yields can still be squeezed if you overpay.

What to Do Next

Set your ceiling before inspecting: $560,772 is the house benchmark, $512,861 is the unit benchmark, and stretching only makes sense if the property earns it. For the broader suburb call, read the Aspendale Gardens property market guide.

Current Median Prices

Market Indicators:

• Days on market (median): 33 days
• Auction clearance rate: 78%
• Total sales (last 12 months): 166 settled

Price Breakdown by Bedroom Count

Houses

Units & Apartments

Growth Trend (5-Year View)

Rental Market

Current rental medians in Aspendale Gardens:

Vacancy rate: 1.1% (tight market, landlord-favourable)

Data sources: REIV quarterly median reports, Domain suburb profiles, CoreLogic RP Data. Figures represent settled sales for the 12 months to March 2026. Individual sale prices vary significantly based on condition, aspect, and exact location.