Essendon 3040

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Planning to live or buy a property in Essendon? 

If you are planning to buy your first home, relocate or buy an investment property in Essendon and surrounding areas, here’s everything you need to know about the neighbourhood and how the property market is performing. 

 

About Essendon 

Essendon is an historically rich suburb located approximately 8 km northwest of Melbourne’s CBD. It is part of the City of Moonee Valley and is highly regarded for its mix of urban convenience and suburban tranquility.

Essendon offers a family-friendly vibe with tree-lined streets, excellent schools such as Ave Maria College, Lowther Hall Anglican Grammar, St. Bernard's College, St. Columbas, Penleigh and Essendon Grammar School, just to name a few. 

Essendon is connected to the Melbourne CBD and the outer suburbs thanks to a railway station, several tram and bus routes, and nearby freeway access. The suburb is also a short drive from Essendon and Tullamarine Airports, making it an excellent choice for frequent travellers. 

The heart of the suburb is busy with shopping strips and dining options, where you can find boutique shops, DFO Essendon for outlet shopping nearby, cafes and a variety of restaurants offering diverse cuisines. 

The Windy Hill precinct boasts a fitness center, swimming pool, and versatile community spaces, offering residents a hub for recreation and leisure.

Essendon is surrounded by parks and reserves, perfect for outdoor enthusiasts. Queens Park, with its stunning gardens and family-friendly playgrounds, provides a serene escape. Bordering the suburb, the Maribyrnong River features picturesque trails ideal for cycling, walking, and picnics, making it a favorite spot for locals to unwind.

 

Property market in Essendon

• Over the last year, the median unit price in Essendon last year ranged from  $1,715,000 for houses and to $530,000 for units. 
• If you are looking for an investment property, consider houses in Essendon rent out for $750 PW with an annual rental yield of 2.6% and units rent for $480 PW with a rental yield of 5.0%. 
• Essendon has seen an annual compound growth rate of -5.0% for houses and -1.3% for units*.

You can find the latest data on Essendon’ properties here  

 

_{^{*Data from realestate.com.au updated in November 2024.}}

 

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