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
8 Morton St, Essendon 3 House (Res) Passed in at Auction 01/08/2020 Brad Teal
3/17 Nimmo St, Essendon 2 Unit Sold Before Auction 09/07/2020 Barry Plant

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$1.46mil

Metro Melbourne

$864k

Quarterly Price Change

-11.8%

Metro Melbourne

-3.5%

Median Rent

$550

Metro Melbourne

$470

Rental Yield

1.9%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 63.6% 65.9%
Days on Market 44 39
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $910,250
3 Bedrooms $1,335,500 $760,000
4 Bedrooms $1,678,500 $910,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $450 $500
3 Bedrooms $500 $440
4 Bedrooms $800 $495

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$603k

Metro Melbourne

$621k

Quarterly Price Change

-9.4%

Metro Melbourne

-2.5%

Median Rent

$375

Metro Melbourne

$430

Rental Yield

3.2%

Metro Melbourne

3.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 63.6% 65.9%
Days on Market 44 39
Median price by Bedrooms Suburb Metro
1 Bedroom $337,500 $385,000
2 Bedrooms $591,000 $591,000
3 Bedrooms $844,000 $785,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $328 $370
2 Bedrooms $400 $450
3 Bedrooms $555 $525

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