Essendon, VIC 3040
Compare Part of Moonee Valley
7.66 km
Distance from Melbourne CBD
23 k
Population
Auction Times
Sat 9 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 72A Tennyson Street 3 2 2 Townhouse | 10:00 AM Sat 9th Jul | Nelson Alexander Real Estate |
 | 2/11 Winifred Street 2 2 1 Townhouse | 2:00 PM Sat 9th Jul | Brad Teal Real Estate |
 | 6/3 Forbes Street 2 1 1 Unit | 2:00 PM Sat 9th Jul | Brad Teal Real Estate |
Sat 16 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 3/37 Miller Street 3 1 1 Unit | 10:00 AM Sat 16th Jul | Nelson Alexander Real Estate |
 | 82 McPherson Street 5 1 2 House | 11:00 AM Sat 16th Jul | Brad Teal Real Estate |
 | 4 Edward Street 5 3 8 House | 12:30 PM Sat 16th Jul | Considine Real Estate |
 | 16 Deakin Street 4 2 2 House | 12:30 PM Sat 16th Jul | Brad Teal Real Estate |
 | 115 Lincoln Road 3 1 1 House | 1:30 PM Sat 16th Jul | MATTHEWS. |
Median Sale Price
House
$1.86M
Updated on May 2022
2 BR $1.35M | 3 BR $1.75M | 4 BR $2.08M |
Unit
$580K
Updated on May 2022
1 BR $340K | 2 BR $576K | 3 BR $955K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $823,000 | 0.0% | $331,500 | $2,150,000 | 197 |
| 2010 | $1,004,000 | +18.0% | $450,000 | $13,000,000 | 212 |
| 2011 | $925,000 | -8.5% | $450,000 | $2,925,000 | 169 |
| 2012 | $935,000 | +1.1% | $272,250 | $2,225,000 | 202 |
| 2013 | $900,000 | -3.9% | $495,000 | $3,745,000 | 252 |
| 2014 | $945,500 | +4.8% | $365,500 | $3,100,000 | 215 |
| 2015 | $1,228,000 | +23.0% | $260,000 | $3,125,000 | 202 |
| 2016 | $1,385,000 | +11.3% | $471,000 | $4,400,000 | 182 |
| 2017 | $1,507,000 | +8.1% | $580,500 | $4,535,000 | 157 |
| 2018 | $1,530,000 | +1.5% | $369,000 | $6,850,000 | 153 |
| 2019 | $1,447,000 | -5.7% | $685,000 | $4,400,000 | 156 |
| 2020 | $1,600,000 | +9.6% | $713,000 | $3,500,000 | 126 |
| 2021 | $1,750,000 | +8.6% | $700,000 | $6,325,000 | 234 |
| 2022 | $2,060,000 | +15.0% | $540,000 | $3,750,000 | 102 |
Median Sale Price
$1.89M
Based on 222 recorded sales within the last 12 months
Updated on 8 Jul 2022
Suburb Growth
+13.0%
Current Median Price: $1,890,000
Previous Median Price: $1,645,000
Based on 402 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jun 2022)
Price Range Segments (12 months ending Jun 2022)
Median Weekly Rent Price
House
$550
Updated on May 2022
2 BR $448 | 3 BR $530 | 4 BR $800 |
Unit
$365
Updated on May 2022
1 BR $300 | 2 BR $380 | 3 BR $540 | 4 BR $765 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $420 | 0.0% | $220 | $1,100 | 172 |
| 2012 | $420 | 0.0% | $250 | $1,800 | 200 |
| 2013 | $440 | +4.5% | $230 | $1,295 | 209 |
| 2014 | $450 | +2.2% | $2 | $1,850 | 173 |
| 2015 | $450 | 0.0% | $230 | $1,400 | 251 |
| 2016 | $480 | +6.3% | $280 | $1,550 | 249 |
| 2017 | $520 | +7.7% | $250 | $1,500 | 243 |
| 2018 | $550 | +5.5% | $235 | $1,500 | 234 |
| 2019 | $530 | -3.8% | $260 | $1,350 | 211 |
| 2020 | $550 | +3.6% | $290 | $1,550 | 195 |
| 2021 | $520 | -5.8% | $250 | $1,600 | 219 |
| 2022 | $550 | +5.5% | $257 | $1,350 | 113 |
Median Rent Price
$530
per week
Based on 205 recorded rent within the last 12 months
Updated on 8 Jul 2022
Rent Price Growth
0.0%
Current Median Rent: $530
Previous Median Rent: $530
Based on 429 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+1.5%
Current Median Price: $1,890,000
Current Median rent: $530
Based on 427 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jun 2022)
Auction Results For Essendon
Houses sold in Last 12 months ends 2 Jul 2022
$1.95M
Median Sale Price
79%
Clearance Rate
160/205
Sold/Reported
$3.75M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 7 | |
| $2 M - $3 M | 53 | |
| $1.8 M - $2 M (Median Price Range) | 15 | |
| $1.6 M - $1.8 M | 17 | |
| $1.4 M - $1.6 M | 14 | |
| $1.2 M - $1.4 M | 10 | |
| $1 M - $1.2 M | 4 | |
| $800 K - $1 M | 4 | |
| $600 K - $800 K | 2 | |
| $400 K - $600 K | 1 | |
Similar Suburbs to Essendon 3040
Based on median house sale price sold in last 12 months
Schools closest to Essendon, VIC 3040
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| St Columba's College Ltd | 2 LESLIE ROADEssendon 3040 | Secondary | Catholic | 0.34 km |
| Essendon Primary School | 38 RALEIGH STREETEssendon 3040 | Primary | Government | 0.43 km |
| Lowther Hall Anglican Grammar SchoolTop 50 | 17 LESLIE RDEssendon 3040 | Combined | Independent | 0.54 km |
| St Monica's Primary School | 20 ROBINSON STMoonee Ponds 3039 | Primary | Catholic | 0.75 km |
| St Therese's School | EDWARD STEssendon 3040 | Primary | Catholic | 0.76 km |
| Resurrection House | 6 ABERFELDIE STEssendon 3040 | Primary | Catholic | 1.07 km |
| St Vincent de Paul School | WOODLAND STStrathmore 3041 | Primary | Catholic | 1.51 km |
| Moonee Ponds West Primary School | 150 ATHOL STREETMoonee Ponds 3039 | Primary | Government | 1.68 km |
| Moonee Ponds Primary School | WILSON STREETMoonee Ponds 3039 | Primary | Government | 1.69 km |
| Ave Maria College | 20-22 VIDA STAberfeldie 3040 | Secondary | Catholic | 1.72 km |