Aspendale (Vic.)

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According to ABS demographic data analysis and address records verified by Districts since the Census, the population of Aspendale is estimated to be approximately 7,549 in May 2026. This indicates a growth of 264 residents (3.6%) from the 2021 Census, which documented 7,285 individuals. The figure is derived from an Estimated Resident Population of 7,520 calculated by Districts using the ABS June 2025 data release, combined with an additional 87 validated new addresses post-Census. The area exhibits a density of 2,491 persons per square kilometer, placing it within the highest quartile of national spots assessed by Districts. Inbound international migration was the primary driver of growth, accounting for approximately 60.0% of the overall population increases in recent times.

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The suburb of Aspendale possesses a highly educated workforce with a significant share of professionals, an unemployment rate of 4.8%, and a stable job market over the past year, according to Districts statistical area data. As of March 2026, there are 4,086 working residents, matching the Greater Melbourne unemployment rate of 4.8%. The local participation rate also aligns with the Greater Melbourne benchmark of 70.2%. Census figures show that a high 39.6% of residents performed their jobs from home, though this data is subject to the influence of pandemic lockdowns.

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Income levels in the suburb of Aspendale are among the highest in the country, based on ATO statistics compiled by Districts for financial year 2023. The median taxpayer income is $60,616 and the average income is $77,332, compared to $57,688 and $75,164 respectively in Greater Melbourne. Adjusted for a 9.62% increase in the Wage Price Index since financial year 2023, these figures are estimated to be approximately $66,447 for the median and $84,771 for the average as of March 2026. According to the Census, household, family, and individual incomes all rank in the 80th to 85th percentiles nationally. The largest income bracket contains 30.7% of residents (2,317 people) earning between $1,500 and $2,999 weekly, which mirrors the regional share in this bracket. High earners are well represented, with earning more than per week, indicating substantial local purchasing power. Housing costs consume of income, placing local disposable incomes in the th percentile nationally, while the SEIFA index ranks the area in the th decile for income.

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The housing stock in the suburb of Aspendale consisted of 69.2% detached houses and 30.8% semi-detached properties, townhouses, and apartments at the time of the last Census, compared to 67.9% houses and 32.1% other dwellings in Greater Melbourne. Home ownership rates are notably higher than the metropolitan average, with 39.1% of homes owned outright, while 43.4% are mortgaged and 17.5% are rented. The median monthly mortgage payment of $2,383 is well above the metropolitan average of $2,000. Similarly, the median weekly rent is $460, compared to $390 across Greater Melbourne. Nationally, local mortgage commitments are higher than the Australian average of $1,863, and weekly rents exceed the national benchmark of $375.

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Families make up the majority of households at 77.0%, consisting of couples with children at 41.8%, couples without children at 23.7%, and single parent households at 10.5%. Non-family households account for 23.0% of the total, with single person households representing 21.2% and group shared arrangements at 1.9%. The median household size is 2.7 individuals, which is slightly larger than the Greater Melbourne average of 2.6.

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The proportion of residents with tertiary qualifications is lower than regional benchmarks, with 36.7% of those aged 15 and over holding a university degree, compared to 46.0% across the wider SA4 region. This indicates potential scope for future educational attainment. Bachelor degrees are the most common qualification at 24.6%, followed by postgraduate degrees at 8.0% and graduate diplomas at 4.1%. Vocational and technical qualifications are common, with 30.2% of residents aged 15 and over possessing qualifications such as advanced diplomas (11.7%) and certificates (18.5%).

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An analysis of public transport reveals 20 operational transit stops in the suburb of Aspendale, consisting of bus services. These stops serve 3 distinct routes, which accommodate a total of 1,659 passenger trips weekly. Accessibility is good, with residents living an average of 271 meters from their nearest transit stop. Given the residential nature of the suburb, most workers commute out of the area; private vehicles are the primary mode of travel for 86% of commuters, while 8% use trains. Households own an average of 1.5 vehicles, which is above the metropolitan average. A high proportion of residents, 39.6%, worked from home according to the 2021 Census, which may reflect pandemic-related travel restrictions.

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Health outcomes in the suburb of Aspendale are excellent, according to Districts assessments of mortality and chronic illness rates, which show a low incidence of common health issues across all demographics. Additionally, private health insurance coverage is high, representing approximately 57% of the population (~4,329 people).

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The suburb of Aspendale reflects regional averages for cultural diversity, with 80.3% of residents born in Australia, 92.1% holding citizenship, and 89.5% speaking only English at home. Christianity is the primary religion, accounting for 49.7% of the population. The most distinct relative difference is in Judaism, which is practiced by 0.3% of residents, compared to 1.0% across Greater Melbourne.

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The median age in the suburb of Aspendale is 40, which is higher than the metropolitan average of 37 and the national average of 38. The 45 - 54 age group is over-represented at 15.1% of the population, while 25 - 34 year-olds are under-represented at 8.0%. Since 2021, the 15 to 24 cohort has increased from 11.5% to 13.3%, while the 5 to 14 group has decreased from 15.1% to 13.9%. Projections to 2041 suggest the age profile will shift, with the 65 to 74 cohort expected to grow by 217 people (31%) from to . The combined cohorts aged and over are projected to account for of total population growth, pointing to an aging profile. Meanwhile, the to and to age cohorts are expected to decrease in size.

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Aspendale currently has an estimated 384 children under 5 years old, comprising approximately 236 children aged 0-2 and 157 children aged 3-4. This cohort declined by an estimated 10% since the previous census. while population forecasts indicate future decline, with an anticipated decrease of 9% by 2041 (to approximately 351 children). Meanwhile the 5-12 cohort currently amounts to 758. Birth rates in the area have averaged 11.5 per 1,000 residents over the latest two-year period, a moderate rate (within the middle tier nationally). This rate has slowed down slightly in recent years however.