aberfeldie

3040, Victoria

Real Estate & Property Information

Median
Price Rank
38

aberfeldie Suburb Profile & Review

Aberfeldie is a small, quiet suburb situated to the south west of Essendon. It borders the Maribyrnong River, and as a result boasts an abundance of parks, reserves and walking tracks. Sporting facilities and clubs line the river as well, making the area popular with young families.

Buckley Street is a favourite for shopping, particularly heading into Essendon near the station, where Sherbourne Street intersects. There is a diverse mix of houses in the area, from inter-war California bungalows, to modern and stylish homes.

Ave Maria College, a highly ranked Catholic secondary girls' school, is located in Aberfeldie. In Essendon, there are a number of other reputable private schools including Penleigh and Essendon Grammar School and St Bernard's College. Four bus routes serve the area, while Essendon and Moonee Ponds train stations on the Craigieburn line are only a short distance away.

aberfeldie Demographic Data

$ 985,000 Median House Price

22 Minutes Average Commute

39 Median Age

3,621 Population

52.20 % Female

47.80 % Male

940 NO OF FAMILIES

2.0 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in aberfeldie, Victoria.

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aberfeldie Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

aberfeldie Median House Prices

  • 2008 $ 711,000
  • 2009 $ 710,050
  • 2010 $ 786,500
  • 2011 $ 1,045,000
  • 2012 $ 985,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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aberfeldie 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in aberfeldie have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term aberfeldie property price predictions.

aberfeldie Market Property Types

  • 77 % Seperate House
  • 12 % Semi Detached
  • 11 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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aberfeldie Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

aberfeldie Income & Mortgage Stats

  • $ 1,861 Median Weekly Household Income
  • $ 2,300 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in aberfeldie

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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aberfeldie Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

aberfeldie Sold Property Prices

aberfeldie Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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aberfeldie Restaurants

  • Pizza Raphael2c Fawkner Streetaberfeldie VIC 304003 9337 1144

aberfeldie Cafes

  • Calmer Cafe2E Fawkner Street aberfeldie VIC 304003 9337 2205

aberfeldie Schools

  • Ave Maria College14-22 Vida Streetaberfeldie VIC 3040(03) 9337 1666Catholic Secondary School
  • Our Lady of the Nativity29 Fawkner Staberfeldie VIC 3040(03) 9337 4204Catholic Primary School
  • (Essendon) Resurrection Primary School6 Aberfeldie Streetaberfeldie VIC 3040(03) 9337 0084Catholic Primary School

aberfeldie Childcare

  • Casa Bambini Essendon ELC259 Buckley Streetaberfeldie VIC 3040

aberfeldie Kindergarten and Preschools

  • Ave Maria Kindergarten35 Fawkner Streetaberfeldie VIC 3040
  • Beaver Street Kindergarten13 Beaver Streetaberfeldie VIC 3040
  • St Andrews Kindergarten29 St Kinnord Streetaberfeldie VIC 3040

aberfeldie Sporting Centres and Clubs

  • Aberfeldie Park, Aberfeldie Venue, Essendonaberfeldie VIC 3040Athletics Club
  • Aberfeldieaberfeldie VIC 3040Bowling Club
  • Clifton Parkaberfeldie VIC 3040Bowling Club

Find out How Much your House is Worth in aberfeldie

Request a free market Basic Report for aberfeldie to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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