Essendon North

POSTAL CODE: VIC, 3041
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Figures from the previous quarter show that capital gains for real estate buyers in ESSENDON NORTH are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.

On average, rents on listings have reached the $530 mark, reflecting a 2.3% increase in returns based on the current median price in ESSENDON NORTH.

ESSENDON NORTH, 3041 ranks 637th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 531st on the list of best yielding suburbs for rental properties in VIC, posting a 2.3% return.

Surburb overview

Essendon North is a suburb located approximately 10 kilometres north-west of Melbourne's Central Business District, within the City of Moonee Valley. According to the 2021 census, it has a population of 3,071 residents. 

The suburb is predominantly residential, featuring a mix of housing styles, including Californian bungalows from the 1920s and 1930s and post-war homes from the 1940s and early 1950s. The median property price for a house is currently $1,287,500, with an annual capital growth rate of 9.55%. Rental yields for houses are around 2.61%, with a median weekly rent of $520. 

Public transportation in Essendon North includes the Keilor Road tram, providing access to Melbourne's tram network. Several bus routes connect the suburb to neighbouring areas and the city centre. 

Essential amenities are accessible, with the Essendon North Shopping Village offering supermarkets, retail stores, and dining options. The area is also close to the Niddrie shopping precinct, providing additional services and facilities. 

Recreational opportunities are available, with several parks and reserves within the suburb. The proximity to Essendon Fields and the Tullamarine Freeway provides residents easy access to various recreational and commercial facilities. 

Essendon North offers a suburban lifestyle with access to essential services and recreational facilities, making it a notable suburb within Melbourne's metropolitan area. 

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