Market snapshot
Suburb insights for Essendon3040
Change suburbEssendon is located 8 km north-west of the CBD and bounded by Moonee Ponds Creek in the east. The neighbourhood is focused around the Essendon Junction activity centre which comprises commercial and a social/sporting focus to the east and west of Mt Alexander Road the Essendon Station Rose Street and Buckley Street.Essendon is well served by public transport with Essendon Station being a core transport hub. Essendon exhibits a rich architectural history reflected in large areas of heritage recognition.
Recent sales and auction results in Essendon
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 50 Mackay St, Essendon | 2 |  | House | Passed in at Auction | 27/06/2025 | McDonald Upton | View |
| 2/149-151 Roberts St, Essendon | 3 |  | Townhouse | Passed in Vendor Bid | 27/06/2025 | Nelson Alexander | View |
| 320/1044-1046 Mt Alexander Rd, Essendon | 2 | | Apartment | Passed in at Auction | 25/06/2025 | McDonald Upton | View |
| 60 Bradshaw St, Essendon | 4 | | House | Sold Before Auction | 24/06/2025 | McGrath Doncaster | |
| 47 Nimmo St, Essendon | 4 | | House | Sold Before Auction | 18/06/2025 | Jellis Craig | View |
Sales data
Median sale price
$1.6mil
Quarterly price change
-5.2%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Essendon | Metro comparison |
|---|---|---|
| 2 | $1,088,000 | $881,200 |
| 3 | $1,560,000 | $810,000 |
| 4 | $1,965,000 | $942,350 |
| Insight | Essendon | Metro comparison |
|---|---|---|
| Clearance rate | 70% | 78.5% |
| Days on market | 49 | 42 |
Rental data
Median weekly rent
$660
Rental yield
2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Essendon | Metro comparison |
|---|---|---|
| 2 | $540 | $580 |
| 3 | $650 | $550 |
| 4 | $965 | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.