Essendon, VIC 3040
Compare Part of Moonee Valley
7.66 km
Distance from Melbourne CBD
23 k
Population
Auction Times
Sat 30 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 47 Mary Street 4 2 2 House | 1:00 PM Sat 30th Jan | Brad Teal Real Estate |
 | 98 Deakin Street 3 2 2 House | 2:00 PM Sat 30th Jan | Nelson Alexander Real Estate |
Sat 6 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 8a Eric Street 4 3 4 House | 11:00 AM Sat 6th Feb | Barry Plant |
 | 137a Roberts Street 3 2 1 Townhouse | 11:00 AM Sat 6th Feb | Barry Plant |
 | 128 Ogilvie Street 4 2 2 House | 2:00 PM Sat 6th Feb | Nelson Alexander Real Estate |
 | 3/9 Raleigh Street 2 1 1 Villa | 2:00 PM Sat 6th Feb | Nelson Alexander Real Estate |
 | 75 Nimmo Street 4 2 2 House | 2:00 PM Sat 6th Feb | Jellis Craig |
Median Sale Price
House
$1.42M
Updated on Dec 2020
2 BR $1.12M | 3 BR $1.28M | 4 BR $1.74M |
Unit
$550K
Updated on Dec 2020
1 BR $340K | 2 BR $530K | 3 BR $803K |
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 | $1,500,000 | +7.7% | $580,500 | $3,780,000 | 157 |
| 2018 | $1,530,000 | +2.0% | $369,000 | $6,850,000 | 153 |
| 2019 | $1,430,000 | -7.0% | $720,000 | $2,800,000 | 153 |
| 2020 | $1,505,000 | +5.0% | $713,000 | $3,500,000 | 121 |
| 2021 | $1,265,000 | -19.0% | $1,265,000 | $1,265,000 | 2 |
Median Sale Price
$1.52M
Based on 121 recorded sales within the last 12 months
Updated on 24 Jan 2021
Suburb Growth
+5.9%
Current Median Price: $1,520,000
Previous Median Price: $1,430,000
Based on 275 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$520
Updated on Dec 2020
2 BR $440 | 3 BR $500 | 4 BR $745 |
Unit
$388
Updated on Dec 2020
1 BR $320 | 2 BR $400 | 3 BR $523 | 4 BR $700 |
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 | 191 |
| 2021 | - | - | - | - | - |
Median Rent Price
$550
per week
Based on 175 recorded rent within the last 12 months
Updated on 24 Jan 2021
Rent Price Growth
+3.6%
Current Median Rent: $550
Previous Median Rent: $530
Based on 389 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+1.9%
Current Median Price: $1,520,000
Current Median rent: $550
Based on 296 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For Essendon
Houses sold in Last 12 months ends 23 Jan 2021
$1.46M
Median Sale Price
77%
Clearance Rate
66/86
Sold/Reported
$3.5M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 2 | |
| $2 M - $3 M | 9 | |
| $1.8 M - $2 M | 8 | |
| $1.6 M - $1.8 M | 5 | |
| $1.4 M - $1.6 M (Median Price Range) | 9 | |
| $1.2 M - $1.4 M | 12 | |
| $1 M - $1.2 M | 7 | |
| $800 K - $1 M | 5 | |
| $600 K - $800 K | 2 | |
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 |