Essendon, VIC 3040
Compare Part of Moonee Valley
7.66 km
Distance from Melbourne CBD
23 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
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 | $1,890,000 | +7.4% | $540,000 | $6,500,000 | 178 |
| 2023 | $1,830,000 | -3.3% | $415,000 | $6,000,000 | 160 |
| 2024 | $1,710,000 | -7.0% | $322,000 | $5,950,000 | 202 |
Median Sale Price
$1.71M
Based on 205 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-7.0%
Current Median Price: $1,710,000
Previous Median Price: $1,830,000
Based on 362 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
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 | $530 | +9.4% | $250 | $1,500 | 243 |
| 2018 | $550 | +3.6% | $235 | $1,500 | 235 |
| 2019 | $530 | -3.8% | $260 | $1,350 | 212 |
| 2020 | $550 | +3.6% | $290 | $1,550 | 195 |
| 2021 | $530 | -3.8% | $250 | $1,600 | 219 |
| 2022 | $580 | +8.6% | $257 | $1,600 | 232 |
| 2023 | $650 | +10.8% | $300 | $4,020 | 193 |
| 2024 | $710 | +8.5% | $360 | $2,280 | 173 |
Median Rent Price
$720
per week
Based on 174 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+11.8%
Current Median Rent: $720
Previous Median Rent: $635
Based on 367 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.2%
Current Median Price: $1,710,000
Current Median rent: $720
Based on 379 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Essendon
Houses sold in Last 12 months ends 21 Dec 2024
$1.62M
Median Sale Price
61%
Clearance Rate
96/158
Sold/Reported
$3.96M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 4 | |
| $2 M - $3 M | 14 | |
| $1.8 M - $2 M | 8 | |
| $1.6 M - $1.8 M (Median Price Range) | 8 | |
| $1.4 M - $1.6 M | 13 | |
| $1.2 M - $1.4 M | 8 | |
| $1 M - $1.2 M | 7 | |
| $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 |