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Investment Property Essendon, VIC, 3040

Suburb Snapshot

Essendon is a suburb in the Moonee Valley Region of Victoria. Essendon has a population of 20,600 people and 31.89% of its occupants live in rental accommodation. The median listing price for houses is $1,650,000 and this has changed -2.95% over the past year and changed -5.72% over 2 years.

The median rent in Essendon for houses is $650 per week and the median rental yield is 2.04%. Stock on the market for houses/townhouses has changed 5.95% compared to last year and the average time to sell a house/townhouse is 90 days.The median listing price for units is $460,000 and this has changed 2.22% over the past year. The average unit takes 95 days to sell and the median rent for a unit in Essendon is $450 per week, producing a rental yield of 5.08%.

Supply & Demand in Essendon, Moonee Valley

1.18%

Current vacancy rate


125

Rental stock available


20,600

Population


31.89%

Rental population


0.97%

Current vacancy rate


532

Rental stock available


116,675

Population


28.58%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Essendon, Moonee Valley

  House Townhouses Units
Median listing price $1,650,000 $750,000 $460,000
Median price change - last quarter 0.00% 1.33% -1.07%
Median price change - 1 year -2.95% -5.07% 2.22%
Median price change - 2 years -5.72% 0.00% -2.13%
  House Townhouses Units
Median weekly rent $650 $650 $450
Median yield % 2.04% 4.50% 5.08%
Median rent change - 1 year 3.17% 8.33% 7.14%
  House Units
Previous month sales 34 24
Stock on market previous month 89 101
Stock variance vs. last year 5.95% -10.62%
Average days on market 90 95

Essendon investment property listings

Showing 2 of 2 investment properties found in Essendon on realestateinvestar.com.au

102/1024 Mt Alexander Rd, Essendon

$600,000

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Spacious and serene with perfect parkland views

Quietly positioned at the rear looking out to Allison Park, this first-floor apartment in The Corbel combines indoor style and outdoor space to deliver a picture-perfect low-maintenance lifestyle. Step inside to discover an exceptionally well-designed interior comprising two generous bedrooms ...

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Unit

VIC 3040


268 Keilor Rd, Essendon

$0

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Private Sale - Proudly Offered by Pennisi

Double down on this opportunity... Ground & First Floor offices on Keilor Road An outstanding commercial investment offering two separate, securely leased offices in the heart of the Keilor Road business precinct. Available together or individually, these properties provide a rare chance to secure ...

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Commercial

VIC 3040


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