Essendon, VIC 3040
Compare Part of Moonee Valley
7.66 km
Distance from Melbourne CBD
23 k
Population
Auction Times
Sat 20 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 2/183 Napier Street 2 1 1 Unit | 11:30 AM Sat 20th Jul | Considine Real Estate |
 | 11/23 Daisy Street 2 1 1 Apartment | 1:00 PM Sat 20th Jul | Nelson Alexander Real Estate |
 | 4/72 Nimmo Street 2 2 1 Townhouse | 2:00 PM Sat 20th Jul | Burnham Real Estate |
 | 4/24 Leslie Road 2 1 1 Apartment | 2:30 PM Sat 20th Jul | Barry Plant |
Sat 27 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 3/13 Schofield Street 2 1 1 Villa | 12:30 PM Sat 27th Jul | Nelson Alexander Real Estate |
 | 1 Salmon Avenue 5 4 2 House | 2:00 PM Sat 27th Jul | Nelson Alexander Real Estate |
Median Sale Price
House
$1.48M
Updated on May 2019
2 BR $990K | 3 BR $1.36M | 4 BR $1.79M |
Unit
$492K
Updated on May 2019
1 BR $348K | 2 BR $520K | 3 BR $790K |
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 | $945,000 | +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 | 181 |
| 2017 | $1,500,000 | +7.7% | $580,500 | $3,780,000 | 157 |
| 2018 | $1,520,000 | +1.3% | $369,000 | $3,400,000 | 150 |
| 2019 | $1,325,000 | -14.7% | $720,000 | $2,190,000 | 78 |
Median Sale Price
$1.43M
Based on 147 recorded sales within the last 12 months
Updated on 19 Jul 2019
Suburb Growth
-7.0%
Current Median Price: $1,430,000
Previous Median Price: $1,530,000
Based on 297 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jun 2019)
Price Range Segments (12 months ending Jun 2019)
Median Weekly Rent Price
House
$460
Updated on Jun 2019
2 BR $380 | 3 BR $450 | 4 BR $735 |
Unit
$370
Updated on Jun 2019
1 BR $310 | 2 BR $390 | 3 BR $500 | 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% | $265 | $1,550 | 248 |
| 2017 | $520 | +7.7% | $250 | $1,500 | 243 |
| 2018 | $550 | +5.5% | $235 | $1,500 | 233 |
| 2019 | $530 | -3.8% | $260 | $1,350 | 105 |
Median Rent Price
$550
per week
Based on 213 recorded rent within the last 12 months
Updated on 19 Jul 2019
Rent Price Growth
+1.8%
Current Median Rent: $550
Previous Median Rent: $540
Based on 450 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $1,430,000
Current Median rent: $550
Based on 360 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jun 2019)
Auction Results For Essendon
Houses sold in Last 12 months ends 13 Jul 2019
$1.36M
Median Sale Price
58%
Clearance Rate
103/179
Sold/Reported
$2.93M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 6 | |
| $1.8 M - $2 M | 6 | |
| $1.6 M - $1.8 M | 11 | |
| $1.4 M - $1.6 M | 12 | |
| $1.2 M - $1.4 M (Median Price Range) | 8 | |
| $1 M - $1.2 M | 11 | |
| $800 K - $1 M | 13 | |
| $600 K - $800 K | 6 | |
| $400 K - $600 K | 1 | |
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 |