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Essendon North, VIC 3041
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,400,000
market range $1.4M-$1.5M
Median Unit
$415,000
market range $375K-$450K
Gross Yield (houses)
2.5%
1yr Growth (houses)
+13.7%
market range -2.5% to +20.0%
Investment snapshot for Essendon North
Essendon North has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Essendon North market and investor summary
Essendon North (VIC 3041) runs a median house price of $1.4M, with houses yielding a gross 2.5%. House prices have moved +13.7% over the past year and +24.2% over three years. At 1.4% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.5% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Essendon North: people, income and schools
Essendon North has a resident population of roughly 3,071, a number that has held fairly steady over five years. The median age is 38, broadly working-age.
Households here earn a median of about $89,000 a year, or roughly $1,710 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 15.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
There are 62 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 10 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 74 for walkability and 98 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 3,071
- +2% over 5yr
- Median age
- 38 years
- Median household income
- $89,000/yr
- Households renting
- 48%
- Family households
- 45%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 62
- avg ICSEA 1101
- Unemployment
- 2.1%
- Distance to CBD
- 10 km
- Walk score
- 74/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Essendon North
View all →Frequently asked questions about Essendon North
What should I check before investing in Essendon North?
Essendon North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.4%, before expenses, tax and loan costs. Capital growth of +13.7% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Essendon North?
The median property price in Essendon North, VIC 3041 is $1.4M for houses and $415K for units.
What rental yield does Essendon North show?
The gross rental yield in Essendon North is 2.5% for houses and 6.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Essendon North?
House prices in Essendon North are up 13.7% over the past year and up 24.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Essendon North?
The current vacancy rate in Essendon North is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Essendon North?
Essendon North has a population of approximately 3,071 residents, with a median age of 38.
What schools are near Essendon North?
There are 62 schools within roughly 5km of Essendon North. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Essendon North affordable to buy in?
A median house in Essendon North costs about 15.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Essendon North's population growing?
The population of Essendon North has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Essendon North from the CBD?
Essendon North is about 10 km from the CBD.
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