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Investment Property Essendon West, VIC, 3040

Suburb Snapshot

Essendon West is a suburb in the Moonee Valley Region of Victoria. Essendon West has a population of 1,437 people and 21.81% of its occupants live in rental accommodation. The median listing price for houses is $1,550,000 and this has changed 29.16% over the past year and changed 40.90% over 2 years.

The median rent in Essendon West for houses is $720 per week and the median rental yield is 2.41%. Stock on the market for houses/townhouses has changed 8.33% compared to last year and the average time to sell a house/townhouse is 102 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes NA days to sell and the median rent for a unit in Essendon West is NA per week, producing a rental yield of NA.

Supply & Demand in Essendon West, Moonee Valley

0.67%

Current vacancy rate


5

Rental stock available


1,437

Population


21.81%

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


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Statistical data for Essendon West, Moonee Valley

  House Townhouses Units
Median listing price $1,550,000 $805,000 NA
Median price change - last quarter 14.81% -0.62% NA
Median price change - 1 year 29.16% NA NA
Median price change - 2 years 40.90% -18.69% NA
  House Townhouses Units
Median weekly rent $720 $690 NA
Median yield % 2.41% 4.45% NA
Median rent change - 1 year 10.76% -4.17% NA
  House Units
Previous month sales 2 0
Stock on market previous month 13 0
Stock variance vs. last year 8.33% -100.00%
Average days on market 102 NA

Essendon West investment property listings

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