Essendon West, VIC 3040
Compare Part of Moonee Valley
9.35 km
Distance from Melbourne CBD
23 k
Population
Auction Times
Sat 23 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 453 Buckley Street 4 2 2 House | 11:00 AM Sat 23rd Nov | Nelson Alexander Real Estate |
Sat 30 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 6/30-32 Hampton Road 2 1 1 Villa | 10:00 AM Sat 30th Nov | MATTHEWS. |
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $731,000 | 0.0% | $575,000 | $1,185,000 | 18 |
| 2010 | $750,000 | +2.5% | $605,000 | $970,000 | 19 |
| 2011 | $750,000 | 0.0% | $369,000 | $1,075,000 | 19 |
| 2012 | $720,000 | -4.2% | $421,000 | $855,000 | 20 |
| 2013 | $752,000 | +4.3% | $591,500 | $951,000 | 18 |
| 2014 | $785,000 | +4.2% | $590,000 | $1,065,000 | 15 |
| 2015 | $930,000 | +15.6% | $650,000 | $1,225,000 | 17 |
| 2016 | $1,090,500 | +14.7% | $635,000 | $1,430,000 | 21 |
| 2017 | $1,305,000 | +16.4% | $780,000 | $2,150,000 | 17 |
| 2018 | $1,220,000 | -7.0% | $749,000 | $1,840,000 | 17 |
| 2019 | $1,180,000 | -3.4% | $700,000 | $1,886,000 | 14 |
| 2020 | $1,300,000 | +9.2% | $1,070,000 | $1,480,000 | 16 |
| 2021 | $1,390,000 | +6.5% | $650,000 | $2,449,000 | 26 |
| 2022 | $1,420,000 | +2.1% | $650,000 | $2,635,000 | 18 |
| 2023 | $1,140,000 | -24.6% | $680,000 | $1,515,000 | 14 |
| 2024 | $1,803,000 | +36.8% | $1,030,000 | $2,425,000 | 21 |
Median Sale Price
$1.52M
Based on 23 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
+24.8%
Current Median Price: $1,515,000
Previous Median Price: $1,140,000
Based on 37 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $450 | 0.0% | $300 | $700 | 13 |
| 2012 | $380 | -18.4% | $350 | $550 | 8 |
| 2013 | $430 | +11.6% | $300 | $850 | 9 |
| 2014 | $420 | -2.4% | $300 | $650 | 19 |
| 2015 | $450 | +6.7% | $350 | $500 | 11 |
| 2016 | $460 | +2.2% | $370 | $695 | 19 |
| 2017 | $500 | +8.0% | $380 | $650 | 15 |
| 2018 | $550 | +9.1% | $385 | $895 | 16 |
| 2019 | $520 | -5.8% | $380 | $750 | 13 |
| 2020 | $475 | -9.5% | $370 | $1,000 | 14 |
| 2021 | $520 | +8.7% | $250 | $790 | 15 |
| 2022 | $520 | 0.0% | $370 | $1,000 | 21 |
| 2023 | $650 | +20.0% | $420 | $1,800 | 15 |
| 2024 | $725 | +10.3% | $450 | $1,200 | 14 |
Median Rent Price
$725
per week
Based on 14 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+10.3%
Current Median Rent: $725
Previous Median Rent: $650
Based on 32 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.5%
Current Median Price: $1,515,000
Current Median rent: $725
Based on 37 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Essendon West
Houses sold in Last 12 months ends 16 Nov 2024
$1.8M
Median Sale Price
53%
Clearance Rate
10/19
Sold/Reported
$1.88M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.8 M - $2 M (Median Price Range) | 4 | |
| $1.4 M - $1.6 M | 2 | |
| $1.2 M - $1.4 M | 1 | |
| $1 M - $1.2 M | 1 | |
Similar Suburbs to Essendon West 3040
Based on median house sale price sold in last 12 months
Schools closest to Essendon West, VIC 3040
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Aberfeldie Primary School | 1 DOONE STREETEssendon 3040 | Primary | Government | 0.62 km |
| Rosehill Secondary College | SAPPHIRE STREETNiddrie 3042 | Secondary | Government | 0.75 km |
| St Bernard's CollegeTop 100 | 41 ROSEHILL ROADEssendon 3040 | Secondary | Catholic | 0.68 km |
| Our Lady of the Nativity School | 29 FAWKNER STABERFELDIE 3040 | Primary | Catholic | 0.77 km |
| Ave Maria College | 20-22 VIDA STAberfeldie 3040 | Secondary | Catholic | 0.91 km |
| St John Bosco's School | 29 MURIEL STNiddrie 3042 | Primary | Catholic | 1.13 km |
| Buckley Park College | COOPER STREETEssendon 3040 | Secondary | Government | 1.04 km |
| St Margaret's Primary School | 67 THE ESPLANADEMaribyrnong 3032 | Primary | Catholic | 1.44 km |
| Resurrection House | 6 ABERFELDIE STEssendon 3040 | Primary | Catholic | 1.55 km |
| Essendon North Primary School | 112 KEILOR ROADEssendon North 3041 | Primary | Government | 1.99 km |