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.
Recent sales and auction results in Essendon
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 27 Bradshaw St, Essendon |  | House (Res) | Passed in Vendor Bid | 14/02/2025 | McDonald Upton | ||
| 42 Elder Pde, Essendon |  | Land (Res) | Auction Sale | 14/02/2025 | Woodards | View | |
| 1/17 Nimmo St, Essendon | 2 |  | Apartment | Passed in at Auction | 14/02/2025 | McDonald Upton | View |
| 12/42-50 Napier St, Essendon | 2 |  | Apartment | Private Sale | 16/01/2025 | McDonald Upton | |
| 28 Donald Av, Essendon | 4 |  | House (Res) | Sold After Auction | 15/02/2025 | Barry Plant | View |
| 30 Peterleigh Gr, Essendon | 3 | | House (Res) | Auction Sale | 13/02/2025 | Barry Plant | View |
Sales data
Median sale price
$1.8mil
Quarterly price change
14.6%
Metro Melbourne Comparison
$895k
-2.1%
| Bedrooms | Essendon | Metro comparison |
|---|---|---|
| 2 | $1,040,000 | $888,000 |
| 3 | $1,560,000 | $807,000 |
| 4 | $1,970,000 | $950,000 |
| Insight | Essendon | Metro comparison |
|---|---|---|
| Clearance rate | 72.7% | 72.6% |
| Days on market | 50 | 43 |
Rental data
Median weekly rent
$728
Rental yield
2.1%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Essendon | Metro comparison |
|---|---|---|
| 2 | $530 | $575 |
| 3 | $690 | $550 |
| 4 | $960 | $600 |
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