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You can bind a class to a boolean with the following syntax:
v-bind:class="{ availableClassName: available }"
In your example this becomes:
<div>
<md-card v-bind:class="{ availableClassName: available }" class="md-primary" md-with-hover >
<md-ripple>
<md-card-header>
<div class="md-title" >color</div>
</md-card-header>
<md-card-actions md-alignment="space-between">
<md-button v-on:click="available = !available">Action</md-button>
</md-card-actions>
</md-ripple>
</md-card>
</div>
See the documentation for more details: https://v2.vuejs.org/v2/guide/class-and-style.html
Source:stackexchange.com