Balnarring vs Essendon North
Property investment comparison - Balnarring, VIC 3926 vs Essendon North, VIC 3041
Head-to-head across core investment metrics: Balnarring wins 1, Essendon North wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Balnarring | Essendon North |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | - | $415K |
| Gross rental yield (houses) | 2.96% | 2.54% |
| Gross rental yield (units) | 3.32% | 6.37% |
| 1-year house growth | -3.6%estimate | +13.7% |
| 3-year house growth | - | +24.2% |
| Vacancy rate | 1.7% | 1.4% |
| Population | 2,371 | 3,071 |
Balnarring vs Essendon North: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.4M in Balnarring and $1.4M in Essendon North.
On cash flow, Balnarring leads: houses there return a gross rental yield of 2.96%, compared with 2.54% in Essendon North, a gap of 0.42 percentage points.
Over the past year house prices moved -3.6% in Balnarring (an estimate) and +13.7% in Essendon North, so recent momentum favours Essendon North, while Balnarring went backwards.
Rental vacancy is 1.4% in Essendon North and 1.7% in Balnarring, so landlords in Essendon North face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Essendon North is the bigger suburb, with a population of 3,071 against 2,371, larger than Balnarring; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Balnarring for rental income, Essendon North for recent price momentum, Essendon North for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Full profile
Essendon North, VIC 3041
Open Essendon North suburb profileRecent sales in Essendon North
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison