Coimadai vs Essendon
Property investment comparison - Coimadai, VIC 3340 vs Essendon, VIC 3040
Head-to-head across core investment metrics: Coimadai wins 2, Essendon 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 | Coimadai | Essendon |
|---|---|---|
| Median house price | $1.8M | $1.8M |
| Median unit price | $660K | $600K |
| Gross rental yield (houses) | 1.82% | 2.28% |
| Gross rental yield (units) | 3.38% | 4.59% |
| 1-year house growth | - | +6.8% |
| 3-year house growth | - | +1.4% |
| Vacancy rate | 1.4% | 1.5% |
| Population | 409 | 21,240 |
Coimadai vs Essendon: what the numbers say
The median house price is $1.8M in Coimadai and $1.8M in Essendon, so Coimadai is the cheaper entry point, with Essendon houses about 1% dearer.
For units, Coimadai sits at a median of $660K against $600K in Essendon, which makes Essendon the more affordable unit market and Coimadai the pricier one.
On cash flow, Essendon leads: houses there return a gross rental yield of 2.28%, compared with 1.82% in Coimadai, a gap of 0.46 percentage points.
Rental vacancy is 1.4% in Coimadai and 1.5% in Essendon, so landlords in Coimadai face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Essendon is the bigger suburb, with a population of 21,240 against 409, roughly 52 times the size of Coimadai; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Essendon for rental income, Coimadai for a lower purchase price, Coimadai 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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