Essendon, VIC 3040
Compare Part of Moonee Valley
7.66 km
Distance from Melbourne CBD
23 k
Population
Auction Times
Sat 19 Oct | Auction Time | Agency | |
|---|---|---|---|
 | 96 Ogilvie Street 3 1 2 House | 10:30 AM Sat 19th Oct | Bullen Gervasi Real Estate |
 | 12 Fuller Street 3 2 2 House | 11:00 AM Sat 19th Oct | Nelson Alexander Real Estate |
 | 3/126 Market Street 3 2 2 Townhouse | 11:00 AM Sat 19th Oct | Paul McDonald Real Estate |
 | 9 Inglebrae Court 3 2 3 House | 11:00 AM Sat 19th Oct | Brad Teal Real Estate |
 | 131 Cooper Street 4 2 4 House | 12:30 PM Sat 19th Oct | Brad Teal Real Estate |
 | 5/7-9 Fletcher Street 3 2 2 Townhouse | 12:30 PM Sat 19th Oct | Paul McDonald Real Estate |
 | 4/3 Ballater Street 2 1 1 Townhouse | 2:00 PM Sat 19th Oct | Nelson Alexander Real Estate |
Sat 26 Oct | Auction Time | Agency | |
|---|---|---|---|
 | 1/18 Shaftesbury Street 1 1 1 Apartment | 11:00 AM Sat 26th Oct | Jellis Craig |
 | 15 Violet Street 4 2 1 House | 12:30 PM Sat 26th Oct | Nelson Alexander Real Estate |
 | 3/3 Fletcher Street 2 1 1 Unit | 1:30 PM Sat 26th Oct | Master Advocates Realestate Service |
Median Sale Price
House
$1.39M
Updated on Aug 2019
2 BR $985K | 3 BR $1.27M | 4 BR $1.52M |
Unit
$495K
Updated on Aug 2019
1 BR $340K | 2 BR $515K | 3 BR $751K |
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 | $1,362,500 | -11.6% | $720,000 | $2,530,000 | 109 |
Median Sale Price
$1.37M
Based on 139 recorded sales within the last 12 months
Updated on 19 Oct 2019
Suburb Growth
-14.0%
Current Median Price: $1,368,000
Previous Median Price: $1,560,000
Based on 291 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Sep 2019)
Price Range Segments (12 months ending Sep 2019)
Median Weekly Rent Price
House
$450
Updated on Sep 2019
2 BR $388 | 3 BR $450 | 4 BR $700 |
Unit
$370
Updated on Sep 2019
1 BR $310 | 2 BR $395 | 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 | 249 |
| 2017 | $520 | +7.7% | $250 | $1,500 | 243 |
| 2018 | $550 | +5.5% | $235 | $1,500 | 234 |
| 2019 | $500 | -10.0% | $260 | $1,350 | 148 |
Median Rent Price
$530
per week
Based on 200 recorded rent within the last 12 months
Updated on 19 Oct 2019
Rent Price Growth
-3.8%
Current Median Rent: $530
Previous Median Rent: $550
Based on 424 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $1,368,000
Current Median rent: $530
Based on 339 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Sep 2019)
Auction Results For Essendon
Houses sold in Last 12 months ends 12 Oct 2019
$1.23M
Median Sale Price
65%
Clearance Rate
114/177
Sold/Reported
$2.93M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 4 | |
| $1.8 M - $2 M | 3 | |
| $1.6 M - $1.8 M | 10 | |
| $1.4 M - $1.6 M | 12 | |
| $1.2 M - $1.4 M (Median Price Range) | 13 | |
| $1 M - $1.2 M | 12 | |
| $800 K - $1 M | 13 | |
| $600 K - $800 K | 9 | |
| $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 |