Essendon, VIC 3040
Compare Part of Moonee Valley
7.66 km
Distance from Melbourne CBD
23 k
Population
Auction Times
Sat 1 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 15/25 Daisy Street 1 1 1 Apartment | 2:30 PM Sat 1st Feb | Leeburn & Company Sales P/L |
Median Sale Price
House
-
Updated on Nov 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Nov 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 | $1,715,000 | -6.7% | $322,000 | $5,950,000 | 205 |
| 2025 | - | - | - | - | - |
Median Sale Price
$1.72M
Based on 201 recorded sales within the last 12 months
Updated on 21 Jan 2025
Suburb Growth
-4.7%
Current Median Price: $1,720,000
Previous Median Price: $1,800,000
Based on 363 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2024)
Price Range Segments (12 months ending Dec 2024)
Median Weekly Rent Price
House
-
Updated on Nov 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Nov 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 | 192 |
| 2025 | - | - | - | - | - |
Median Rent Price
$700
per week
Based on 183 recorded rent within the last 12 months
Updated on 21 Jan 2025
Rent Price Growth
+7.1%
Current Median Rent: $700
Previous Median Rent: $650
Based on 374 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.1%
Current Median Price: $1,720,000
Current Median rent: $700
Based on 384 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2024)
Auction Results For Essendon
Houses sold in Last 12 months ends 18 Jan 2025
$1.61M
Median Sale Price
62%
Clearance Rate
97/159
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 | 9 | |
| $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 |