Essendon VIC 3040

Here you can find what you need to know about Essendon, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1.5m Median Sale Price (National Average $485k) 59th In VIC
6.71% Median Price Change (1 yr) (National Average 4.30%) 567th In VIC
$550pw Median Rent (National Average $395) 138th In VIC
1.9% Median Gross Yield (National Average 4.24%) 992nd In VIC
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Properties sold 186
Average discounting -1.32%
Average Days on Market 101
Stock on Market 25 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Essendon, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Essendon, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Essendon, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Essendon


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Latest Auction Results for Essendon as at 16 December 2018

Property Details
Sale Price
2Bed / 1Bath / Car / Unit
$560,000
3Bed / 2Bath / Car / Unit
-
2Bed / 1Bath / Car / Unit
-
3Bed / 1Bath / 1Car / Unit
-
4Bed / 2Bath / Car / House
-
4Bed / 2Bath / Car / House
Passed In

State Auction Clearance Rates - December 2018

Auctions Clearance rate
VIC 1,179 47%
ACT 92 46%
NSW 717 44%
NT 20 25%
QLD 168 33%
SA 175 38%
TAS 4 50%
WA 71 30%

Local Schools


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Suburb Information

Essendon, VIC 3040

Part of: Moonee Valley Council No data available

The size of Essendon is approximately 6.2 square kilometres. It has 16 parks covering nearly 7.5% of total area. The population of Essendon in 2011 was 18,852 people. By 2016 the population was 20,611 showing a population growth of 9.3% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Essendon work in a professional occupation. In 2011, 64% of the homes in Essendon were owner-occupied compared with 60.2% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Essendon

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Essendon   for Houses in last 12 months


There have been 186 Houses sold in Essendon in the past 12 months with a median sale price of $1.4M, up 6.71% annually. It takes on average 101 days to sell with vendor discounting of -1.32%.

Streets in Essendon


Others also viewed

Suburb Median Price Change (1 yr) Median Sale Price Median Rent Median Gross Yield
Moonee Ponds VIC, 3039 1.45% $1,258,000 $550pw 2.3% View Suburb Profile
Essendon West VIC, 3040 19.10% $1,303,500 $465pw 1.9% View Suburb Profile
Essendon North VIC, 3041 -11.91% $1,037,250 $450pw 2.1% View Suburb Profile
Mulbring NSW, 2323 17.78% $530,000 Unavailable Unavailable View Suburb Profile
Strathmore VIC, 3041 15% $1,380,000 $550pw 2.1% View Suburb Profile
Asquith NSW, 2077 -13.09% $1,205,000 $630pw 2.7% View Suburb Profile