Market snapshot
Suburb insights for Essendon3040
Change suburbEssendon is located 8 km north-west of the CBD and bounded by Moonee Ponds Creek in the east. The neighbourhood is focused around the Essendon Junction activity centre which comprises commercial and a social/sporting focus to the east and west of Mt Alexander Road the Essendon Station Rose Street and Buckley Street.Essendon is well served by public transport with Essendon Station being a core transport hub. Essendon exhibits a rich architectural history reflected in large areas of heritage recognition.
Sales data
Median sale price
$1.6mil
Quarterly price change
-5.2%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Essendon | Metro comparison |
|---|---|---|
| 2 | $1,088,000 | $881,200 |
| 3 | $1,560,000 | $810,000 |
| 4 | $1,965,000 | $942,350 |
| Insight | Essendon | Metro comparison |
|---|---|---|
| Clearance rate | 70% | 78.5% |
| Days on market | 49 | 42 |
Rental data
Median weekly rent
$660
Rental yield
2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Essendon | Metro comparison |
|---|---|---|
| 2 | $540 | $580 |
| 3 | $650 | $550 |
| 4 | $965 | $600 |
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