Profile for Essendon

3040

Essendon 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. Two train stations serve Essendon, the route 59 tram and 12 bus routes. Numerous bus services terminate at Essendon Station making the activity centre a core transport hub. Essendon exhibits a rich architectural history reflected in large areas of heritage recognition. The Windy Hill sporting ground is home to a variety of other sporting clubs. The precinct is a defining element of Essendon’s character, along with the many schools in the neighbourhood. There is a range of open spaces surrounding Essendon, including Montgomery Park and includes the Essendon Traffic School.

Recent Sales & Auction Results in Essendon

Address Price Type Method Sale Date Agent
Property List
5/87 Spencer St, Essendon 2 Unit Passed in at Auction 22/02/2020 Burnham
6 Violet St, Essendon 3 House (Res) Auction Sale 22/02/2020 Brad Teal
Lg01/314 Pascoe Vale Rd, Essendon 1 Apartment Passed in Vendor Bid 22/02/2020 Jellis Craig
1/87 Spencer St, Essendon 2 Townhouse (Res) Auction Sale 22/02/2020 Burnham

Median data for December 2019 Quarter. Click here for details.

Median Sale Price

$1.52mil

Metro Melbourne

$860k

Quarterly Price Change

13.3%

Metro Melbourne

3.7%

Median Rent

$550

Metro Melbourne

$460

Rental Yield

2.1%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 91.3% 74%
Days on Market 44 34
Median price by Bedrooms Suburb Metro
2 Bedrooms $905,000 $861,000
3 Bedrooms $1,263,750 $730,000
4 Bedrooms $1,545,000 $865,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $430 $500
3 Bedrooms $550 $430
4 Bedrooms $725 $480

Median data for December 2019 Quarter. Click here for details.

Median Sale Price

$572k

Metro Melbourne

$639k

Quarterly Price Change

4.9%

Metro Melbourne

3.8%

Median Rent

$385

Metro Melbourne

$430

Rental Yield

3.9%

Metro Melbourne

3.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 91.3% 74%
Days on Market 44 34
Median price by Bedrooms Suburb Metro
1 Bedroom $322,500 $365,000
2 Bedrooms $515,000 $573,400
3 Bedrooms $828,000 $767,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $325 $370
2 Bedrooms $400 $450
3 Bedrooms $568 $530

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