Essendon West vs Maryknoll
Property investment comparison - Essendon West, VIC 3040 vs Maryknoll, VIC 3812
Head-to-head across core investment metrics: Essendon West wins 2, Maryknoll 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 West | Maryknoll |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | $785K | $595K |
| Gross rental yield (houses) | 3.09% | - |
| Gross rental yield (units) | 4.63% | 2.33% |
| 1-year house growth | +3.8%estimate | +6.3% |
| 3-year house growth | - | - |
| Vacancy rate | 3.1% | 12.3% |
| Population | 1,559 | 646 |
Essendon West vs Maryknoll: what the numbers say
The median house price is $1.5M in Essendon West and $1.5M in Maryknoll, so Maryknoll is the cheaper entry point, with Essendon West houses about 1% dearer.
For units, Essendon West sits at a median of $785K against $595K in Maryknoll, which makes Maryknoll the more affordable unit market and Essendon West the pricier one.
Over the past year house prices moved +3.8% in Essendon West (an estimate) and +6.3% in Maryknoll, so recent momentum favours Maryknoll, although both suburbs recorded growth.
Rental vacancy is 3.1% in Essendon West and 12.3% in Maryknoll, so landlords in Essendon West face less competition for tenants.
Essendon West is the bigger suburb, with a population of 1,559 against 646, roughly 2.4 times the size of Maryknoll; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Maryknoll for a lower purchase price, Maryknoll for recent price momentum, 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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