Essendon, VIC 3040
Compare Part of Moonee Valley
7.66 km
Distance from Melbourne CBD
23 k
Population
Auction Times
Wed 3 Mar | Auction Time | Agency | |
|---|---|---|---|
 | 7/61 Vanberg Road 3 1 1 Townhouse | 6:00 PM Wed 3rd Mar | Nelson Alexander Real Estate |
Sat 6 Mar | Auction Time | Agency | |
|---|---|---|---|
 | 2/224 Pascoe Vale Road 2 2 2 Townhouse | 11:00 AM Sat 6th Mar | Jellis Craig |
 | 118 McCracken Street 5 3 3 House | 12:30 PM Sat 6th Mar | Master Advocates Realestate Service |
Sat 13 Mar | Auction Time | Agency | |
|---|---|---|---|
 | 1/145 Cooper Street 3 2 2 Townhouse | 11:00 AM Sat 13th Mar | Brad Teal Real Estate |
 | 8/96 Glass Street 1 1 1 Apartment | 11:00 AM Sat 13th Mar | Barry Plant |
 | 7/16 Laluma Street 3 2 1 Townhouse | 11:00 AM Sat 13th Mar | Brad Teal Real Estate |
 | 4 Bridge Street 2 1 2 House | 11:00 AM Sat 13th Mar | Paul McDonald Real Estate |
 | 4/22 Donald Avenue 3 1 1 Apartment | 11:00 AM Sat 13th Mar | Nelson Alexander Real Estate |
 | 300 Pascoe Vale Road 4 2 3 House | 11:30 AM Sat 13th Mar | Nelson Alexander Real Estate |
 | 4/947 Mt Alexander Road 2 2 1 Apartment | 12:30 PM Sat 13th Mar | Barry Plant |
 | 21 Donald Avenue 4 2 2 House | 12:30 PM Sat 13th Mar | Paul McDonald Real Estate |
 | 2/3 Sturt Street 3 3 2 Townhouse | 2:00 PM Sat 13th Mar | Brad Teal Real Estate |
 | 23 Mary Street 3 2 1 House | 2:00 PM Sat 13th Mar | Nelson Alexander Real Estate |
 | 22 Ardoch Street 6 4 6 House | 2:00 PM Sat 13th Mar | Nelson Alexander Real Estate |
 | 76 Napier Crescent 6 2 2 House | 4:00 PM Sat 13th Mar | Brad Teal Real Estate |
Median Sale Price
House
$1.45M
Updated on Jan 2021
2 BR $1.12M | 3 BR $1.32M | 4 BR $1.7M |
Unit
$590K
Updated on Jan 2021
1 BR $343K | 2 BR $543K | 3 BR $806K |
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 | $1,530,000 | +2.0% | $369,000 | $6,850,000 | 153 |
| 2019 | $1,430,000 | -7.0% | $720,000 | $2,800,000 | 153 |
| 2020 | $1,505,000 | +5.0% | $713,000 | $3,500,000 | 122 |
| 2021 | $1,385,000 | -8.7% | $956,000 | $2,050,000 | 18 |
Median Sale Price
$1.49M
Based on 126 recorded sales within the last 12 months
Updated on 2 Mar 2021
Suburb Growth
+2.6%
Current Median Price: $1,485,000
Previous Median Price: $1,447,000
Based on 276 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Feb 2021)
Price Range Segments (12 months ending Feb 2021)
Median Weekly Rent Price
House
$520
Updated on Jan 2021
2 BR $433 | 3 BR $500 | 4 BR $745 |
Unit
$385
Updated on Jan 2021
1 BR $320 | 2 BR $400 | 3 BR $520 | 4 BR $700 |
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 | $550 | +3.6% | $290 | $1,550 | 194 |
| 2021 | $500 | -10.0% | $300 | $1,000 | 26 |
Median Rent Price
$540
per week
Based on 181 recorded rent within the last 12 months
Updated on 2 Mar 2021
Rent Price Growth
0.0%
Current Median Rent: $540
Previous Median Rent: $540
Based on 394 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+1.9%
Current Median Price: $1,485,000
Current Median rent: $540
Based on 307 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Feb 2021)
Auction Results For Essendon
Houses sold in Last 12 months ends 27 Feb 2021
$1.44M
Median Sale Price
82%
Clearance Rate
75/92
Sold/Reported
$3.5M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 2 | |
| $2 M - $3 M | 11 | |
| $1.8 M - $2 M | 8 | |
| $1.6 M - $1.8 M | 6 | |
| $1.4 M - $1.6 M (Median Price Range) | 9 | |
| $1.2 M - $1.4 M | 14 | |
| $1 M - $1.2 M | 8 | |
| $800 K - $1 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 |