VIC/
Essendon

Suburb Profile

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

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unit

Property investors have seen a 1.28% gain in ESSENDON based on an increase 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 $1,380,500

Profits averaged 16.74% 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 $492.5 based on current median home prices for the suburb.

The gross rental yield in ESSENDON, 3040 is 1.86%.

An average of 16.75 real estate transactions take place per month in ESSENDON which translates to 201 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,380,500 $483,750
GROWTH REPORT
Median Quarterly 1.28% 2.49%
Median 12 month 7.85% 2.44%
Median 3 years 50.22% 4.71%
Median 5 years 59.6% 15.45%
10 years average annual 6.98% 3.76%
Weekly media advert. rent $492.5 $360
Time on Market 49.8 days 64.0 days
Gross Rental Yield Percent 1.86% 3.87%
demographics (median values)
Total Population
18212
Weekly Household Income
1140
Household Size
2.50
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Essendon, VIC
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