Essendon vs Ombersley
Property investment comparison - Essendon, VIC 3040 vs Ombersley, VIC 3241
Head-to-head across core investment metrics: Essendon wins 2, Ombersley 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 | Essendon | Ombersley |
|---|---|---|
| Median house price | $1.8M | $1.8M |
| Median unit price | $600K | $365K |
| Gross rental yield (houses) | 2.28% | 1.60% |
| Gross rental yield (units) | 4.59% | 5.53% |
| 1-year house growth | +6.8% | - |
| 3-year house growth | +1.4% | - |
| Vacancy rate | 1.5% | 0.5% |
| Population | 21,240 | 93 |
Essendon vs Ombersley: what the numbers say
The median house price is $1.8M in Essendon and $1.8M in Ombersley, so Essendon is the cheaper entry point.
For units, Essendon sits at a median of $600K against $365K in Ombersley, which makes Ombersley the more affordable unit market and Essendon the pricier one.
On cash flow, Essendon leads: houses there return a gross rental yield of 2.28%, compared with 1.60% in Ombersley, a gap of 0.68 percentage points.
Rental vacancy is 0.5% in Ombersley and 1.5% in Essendon, so landlords in Ombersley 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 93, roughly 228 times the size of Ombersley; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Essendon for rental income, Essendon for a lower purchase price, Ombersley 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison