VIC/
Essendon north

Suburb Profile

Essendon North - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3041

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Property investors enjoyed capital gains of 27.9% over the last 12 months in ESSENDON NORTH, translating to lower returns compared with its peers in VIC.

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.

The suburb posted a 39.91% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

On average, rents on listings have reached the $480 mark, reflecting a 2.26% increase in returns based on the current median price in ESSENDON NORTH.

ESSENDON NORTH, 3041 ranks 40th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 494th on the list of best yielding suburbs for rental properties in VIC, posting a 2.26% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,102,500 $397,500
GROWTH REPORT
Median Quarterly -0.23% -1.24%
Median 12 month 27.9% -13.21%
Median 3 years 39.91% -18.04%
Median 5 years 70.67% -12.64%
10 years average annual 8.86% 4.19%
Weekly media advert. rent $480 $355
Time on Market 37.6 days 72.3 days
Gross Rental Yield Percent 2.26% 4.64%
demographics (median values)
Total Population
2011
Weekly Household Income
1043
Household Size
2.20
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Essendon North, VIC
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