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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 3.13% compared to last year and the average time to sell a house/townhouse is 96 days.The median listing price for units is $465,000 and this has changed 3.33% over the past year. The average unit takes 103 days to sell and the median rent for a unit in Essendon is $450 per week, producing a rental yield of 5.03%.

Supply & Demand in Essendon, Moonee Valley

1.17%

Current vacancy rate


124

Rental stock available


20,600

Population


31.89%

Rental population


1.00%

Current vacancy rate


546

Rental stock available


116,675

Population


28.58%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Essendon, Moonee Valley

  House Townhouses Units
Median listing price $1,650,000 $760,000 $465,000
Median price change - last quarter 0.00% 1.33% -1.07%
Median price change - 1 year -2.95% -3.80% 3.33%
Median price change - 2 years -5.72% -0.66% -1.07%
  House Townhouses Units
Median weekly rent $650 $650 $450
Median yield % 2.04% 4.44% 5.03%
Median rent change - 1 year 4.83% 11.11% 7.14%
  House Units
Previous month sales 33 26
Stock on market previous month 99 109
Stock variance vs. last year 3.13% -3.54%
Average days on market 96 103

Essendon investment property listings

Showing 3 of 3 investment properties found in Essendon on realestateinvestar.com.au

1/123 Roberts St, ESSENDON

$1,100,000

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Townhouse

VIC 3040


2/36 Collins St, ESSENDON

$290,000

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1

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Unit

VIC 3040


4/183 Napier St, ESSENDON

$470,000

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Unit

VIC 3040


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