Clarkefield vs Essendon West
Property investment comparison - Clarkefield, VIC 3430 vs Essendon West, VIC 3040
Head-to-head across core investment metrics: Clarkefield wins 0, Essendon West wins 5. 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 | Clarkefield | Essendon West |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | $940K | $785K |
| Gross rental yield (houses) | 2.11% | 3.09% |
| Gross rental yield (units) | 3.70% | 4.63% |
| 1-year house growth | - | +3.8%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 4.7% | 3.1% |
| Population | 303 | 1,559 |
Clarkefield vs Essendon West: what the numbers say
The median house price is $1.5M in Clarkefield and $1.5M in Essendon West, so Essendon West is the cheaper entry point, with Clarkefield houses about 1% dearer.
For units, Clarkefield sits at a median of $940K against $785K in Essendon West, which makes Essendon West the more affordable unit market and Clarkefield the pricier one.
On cash flow, Essendon West leads: houses there return a gross rental yield of 3.09%, compared with 2.11% in Clarkefield, a gap of 0.98 percentage points.
Rental vacancy is 3.1% in Essendon West and 4.7% in Clarkefield, so landlords in Essendon West face less competition for tenants.
Essendon West is the bigger suburb, with a population of 1,559 against 303, roughly 5 times the size of Clarkefield; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Essendon West for rental income, Essendon West for a lower purchase price, Essendon West for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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
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