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Essendon North

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 6.13% 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 33.85% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.

On average, rents on listings have reached the $520 mark, reflecting a 2.4% increase in returns based on the current median price in ESSENDON NORTH.

ESSENDON NORTH, 3041 ranks 173rd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 565th on the list of best yielding suburbs for rental properties in VIC, posting a 2.4% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,125,000 $445,000
GROWTH REPORT
Median Quarterly 2.27% 2.3%
Median 12 month 6.13% 11.39%
Median 3 years 33.85% -5.22%
Median 5 years 42.77% -8.25%
10 years average annual 7.04% 0.69%
Weekly media advert. rent $520 $390
Time on Market 0.0 days 84.4 days
Gross Rental Yield Percent 2.4% 4.56%
demographics (median values)
Total Population
2011
Weekly Household Income
1043
Household Size
2.20
demographics
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