VIC/
Essendon west

Suburb Profile

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

house

Homeowners and real estate investors betting on ESSENDON WEST, 3040 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 16.78%.

A steady increase in median property prices over a five-year period in the suburb translates to a 43.29% capital gain.

Property investors in ESSENDON WEST enjoyed capital gains of 16.78% over the last 12 months translating to lower returns compared with its peers in the territory.

The 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 $1,089,000.

Profits due to an upward trend in home prices there averaged 14.43% per annum over a 3-year period.

Home owners selling their properties and realtors in ESSENDON WEST usually have to wait an average of 43.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $460 mark, reflecting a 2.2% increase in returns based on the current median price in ESSENDON WEST.

ESSENDON WEST, 3040 places 283rd in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,089,000 N/A
GROWTH REPORT
Median Quarterly 3.47% N/A
Median 12 month 16.78% N/A
Median 3 years 43.29% N/A
Median 5 years 57.83% N/A
10 years average annual 8.43% N/A
Weekly media advert. rent $460 N/A
Time on Market 43.8 days N/A
Gross Rental Yield Percent 2.2% N/A
demographics (median values)
Total Population
1364
Weekly Household Income
1112
Household Size
2.60
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