VIC/
Essendon

Suburb Profile

Essendon - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3040

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unit

Property investors have seen a -0.37% drop in ESSENDON based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains ESSENDON, 3040 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,355,000

Profits averaged 15.1% per annum over a 3-year period, due to an upward trend in home prices in ESSENDON, 3040.

This means, real estate investors could earn a rental income of $495 based on current median home prices for the suburb.

The gross rental yield in ESSENDON, 3040 is 1.9%.

An average of 16.83 real estate transactions take place per month in ESSENDON which translates to 202 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,355,000 $490,500
GROWTH REPORT
Median Quarterly -0.37% 1.13%
Median 12 month 2.85% 2.19%
Median 3 years 45.31% 4.36%
Median 5 years 59.41% 15.28%
10 years average annual 6.79% 4.42%
Weekly media advert. rent $495 $360
Time on Market 54.9 days 73.5 days
Gross Rental Yield Percent 1.9% 3.82%
demographics (median values)
Total Population
18212
Weekly Household Income
1140
Household Size
2.50
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Essendon, VIC
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