Essendon, VIC 3040
Compare Part of Moonee Valley
7.66 km
Distance from Melbourne CBD
23 k
Population
Auction Times
Thu 20 Aug | Auction Time | Agency | |
|---|---|---|---|
 | 114/1044-1046 Mt Alexander Road 2 1 1 Apartment | 2:00 PM Thu 20th Aug | Nelson Alexander Real Estate |
Fri 21 Aug | Auction Time | Agency | |
|---|---|---|---|
 | 43 Mary Street 4 3 2 Townhouse | 4:00 PM Fri 21st Aug | Nelson Alexander Real Estate |
Sat 22 Aug | Auction Time | Agency | |
|---|---|---|---|
 | 74 Ogilvie Street 4 2 2 House | 11:00 AM Sat 22nd Aug | Nelson Alexander Real Estate |
 | 162A Spencer Street 4 4 2 House | 3:00 PM Sat 22nd Aug | Nelson Alexander Real Estate |
Median Sale Price
House
$1.46M
Updated on Jul 2020
2 BR $1.07M | 3 BR $1.34M | 4 BR $1.71M |
Unit
$535K
Updated on Jul 2020
1 BR $340K | 2 BR $535K | 3 BR $863K |
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 | $1,537,000 | +2.4% | $369,000 | $6,850,000 | 153 |
| 2019 | $1,430,000 | -7.5% | $720,000 | $2,800,000 | 153 |
| 2020 | $1,460,000 | +2.1% | $713,000 | $2,985,000 | 66 |
Median Sale Price
$1.5M
Based on 132 recorded sales within the last 12 months
Updated on 10 Aug 2020
Suburb Growth
+3.5%
Current Median Price: $1,500,000
Previous Median Price: $1,447,000
Based on 283 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jul 2020)
Price Range Segments (12 months ending Jul 2020)
Median Weekly Rent Price
House
$550
Updated on Jul 2020
2 BR $450 | 3 BR $500 | 4 BR $790 |
Unit
$385
Updated on Jul 2020
1 BR $320 | 2 BR $400 | 3 BR $525 | 4 BR $750 |
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 | $650 | +18.5% | $330 | $1,550 | 99 |
Median Rent Price
$570
per week
Based on 187 recorded rent within the last 12 months
Updated on 10 Aug 2020
Rent Price Growth
+3.5%
Current Median Rent: $570
Previous Median Rent: $550
Based on 404 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $1,500,000
Current Median rent: $570
Based on 319 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jul 2020)
Auction Results For Essendon
Houses sold in Last 12 months ends 8 Aug 2020
$1.32M
Median Sale Price
74%
Clearance Rate
85/115
Sold/Reported
$2.99M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 5 | |
| $1.8 M - $2 M | 4 | |
| $1.6 M - $1.8 M | 9 | |
| $1.4 M - $1.6 M | 8 | |
| $1.2 M - $1.4 M (Median Price Range) | 16 | |
| $1 M - $1.2 M | 5 | |
| $800 K - $1 M | 8 | |
| $600 K - $800 K | 5 | |
| $400 K - $600 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 |