Real Estate Essendon Vic 3040

Essendon: Sporting, family-friendly, historic, diverse.

Housing Market in Essendon

Key Essendon Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$703	Top 24%	157% to Apr 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Essendon

Essendon Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Essendon

30.0%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	34.7	Top 20%	66% to Jun 2025
Developments	0.2	Bottom 24%	Data for Jul 2023
Housing Stock Quality Indicator	92.1	Top 2%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	2 lots	Bottom 15%	Data for Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	58	Top 1%	728% to Apr 2025

Housing Stock Quality in Essendon

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	47.3%	Bottom 3%	20% to Jan 2021
Average bedrooms - all homes	2.4	Bottom 42%	4% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Essendon

Essendon Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Essendon

52.8%

Melbourne

36.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Total area	6.9 sq km	Bottom 47%	Data for Jan 2021
Heritage overlay total area	1.1 sq km	Top 10%	Data for Jun 2023
Residential density	278 sqm per resident	Bottom 7%	Data for Jan 2021

Risk in Essendon

Essendon Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Essendon

38.5

Melbourne

49.7

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	69.4%	Bottom 6%	2% to May 2023
% Rentals	30.6%	Top 6%	5% to May 2023
Housing Affordability Index	59	Top 7%	Data for Jun 2023
Median monthly mortgage	$2,490	Top 23%	22% to May 2023
Rent Affordability Index (Houses)	83	Top 21%	Data for Jun 2023
Rent Affordability Index (Units)	82	Top 16%	Data for Jun 2023
Mortgage as a percent of income	24.5%	Top 37%	12% to Jan 2021
Mortgaged Dwellings	33.1%	Bottom 34%	10% to May 2023

Housing Demand in Essendon

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Essendon

83.1%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	14600	Top 39%	18% to Dec 2036
Historical Population (SA3)	72000	Top 43%	25% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	155000	Top 11%	47% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Essendon

Essendon Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$538	Top 48%	139% to Apr 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	34.7%	Bottom 2%	39% to Apr 2025

Accommodation Options (8)

Headline	Place	Datetime
Alexander Motor Inn & Apartments	980 Mt Alexander Rd
Punt Hill Essendon	1142 Mt Alexander Rd
Punthill Essendon Grand Apartment Hotel	1142 Mount Alexander Rd
StayCentral Serviced Apartments - Essendon	1050 Mount Alexander Rd
Melbourne Residential Property Management	Suite 7/ 207-211 Buckley St

Realtors (15)

Headline	Place	Datetime
Anthony Hanna Real Estate	87 Woodland St
Barry Plant Essendon	877 Mt Alexander Rd
Brad Teal Real Estate	1122 Mt Alexander Rd
Considine Real Estate	1 Woodland St
Dulger Homes	39-41 Keilor Rd

Businesses (97)

Name	Address
Bill Jacobs Pty Ltd.	121 Buckley St, Essendon VIC 3040, Australia
ESSENDON QUARRIES	271 Buckley St, Essendon VIC 3040, Australia
M.A.C Building Group	Suite 1, Level 1/88 Albion St, Essendon VIC 3040, Australia
Building Advice & Contract Assessment	59 Fletcher St, Essendon VIC 3040, Australia
R.I.Brown Pty Ltd	72 Lincoln Rd, Essendon VIC 3040, Australia

Planning Applications: Dwellings (51)

Headline	Place	Date
To re-subdivide lot 6 and Common Property No1 under section 32 of the Subdivision Act to create a new lot 6A and reduced Common Property No.1, by transferring 27m2 of common property No1 to lot 6 for the upper storey roof terrace, see Planning permit MV/315/2012/A dated 21/2/2019. - Streamlined Planning through Electronic Applications and Referrals S242904P	119 Buckley Street, Essendon VIC 3040	22 Jan 2025
2 Lot Subdivision of townhouses to built side by side. - Streamlined Planning through Electronic Applications and Referrals S240993E	3 Deakin Street, Essendon VIC 3040	05 Dec 2024
Proposed 4 lot subdivision containing four adjoining dwellings. - Streamlined Planning through Electronic Applications and Referrals S198265M	107 Spencer Street, Essendon VIC 3040	06 Sep 2024
Three Lot subdivision of existing three dwelling development that was built in accordance with development permit MV/882/2016 and occupancy permit issued less than five years from the date of this application (22/08/2019) - Streamlined Planning through Electronic Applications and Referrals S216902T	132 Cooper Street, Essendon VIC 3040	03 Dec 2023
To re-subdivide the current 2 lots. Each lot will contain one of the existing dwellings. Currently, both dwellings are located on lot 1. - Streamlined Planning through Electronic Applications and Referrals S217784M	12 Black Street, Essendon VIC 3040	07 Sep 2023

Planning Applications: Other (49)

Headline	Place	Date
Creation of lot 13. upon registration of this plan remove lot 13 from owners corporation of rp015763. lot 13 to be consolidated into vol:12457 fol:249 (pc382112t) in future plan of consolidation as per supplied contract of sale executed by tisher liner fc law. - Streamlined Planning through Electronic Applications and Referrals S209560C	80 Napier Crescent, Essendon VIC 3040	16 Mar 2023
Restaurant and cafe Licence for a Company - Victorian Gambling and Casino Control Commission 71906A01	18 Napier St, Essendon 3040, VIC	12 Sep 2022
On-Premises Licence - Victorian Gambling and Casino Control Commission 71891A01	888 Mt Alexander Rd, Essendon 3040, VIC	08 Sep 2022
App.Online - Transfer of licence to Company - Victorian Gambling and Casino Control Commission 68650A04	72 Napier St, Essendon 3040, VIC	05 Aug 2022
Demolition of a front fence and garage, partial demolition of a dwelling and the construction of alterations and additions to the existing dwelling including a fence and crossover in a Heritgae Overlay - City of Moonee Valley MV/202/2022	4 Crisp Street, Essendon VIC 3040	27 Jul 2022

Median House Rental Prices by Street (71)

Level_0	Street	Date	Median rent (per week)
124287	Fitzgerald Rd	19 Apr 2025	$600
124293	Fletcher St	19 Apr 2025	$577
124302	Forrester St	19 Apr 2025	$698
124175	Donald Ave	19 Apr 2025	$680
124156	Deakin St	19 Apr 2025	$680

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$467,500	Leake St
10 May 2024	$455,000	Mt Alexander Rd
10 May 2024	$525,000	Winifred St
10 May 2024	$481,000	Willow St
10 May 2024	$331,200	Nicholson St

Percent of Renters by Street (100)

Percent of Renters	Street
6.9%	Aberdeen Cr
59.3%	Agatha St
49.5%	Albion St
31.0%	Alfred Rd
48.8%	Amelia Ave

LGA Details (1)

Headline	Place	Datetime
Local government area	Moonee Valley

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
75.9%	Mcpherson St	average turnover	Every 13.2 years (average turnover)	2025
137.5%	Sturt St	very high turnover	Every 7.3 years (very high turnover)	2025
33.3%	Westgreen Ct	very tightly held	Every 30.0 years (very tightly held)	2025
91.2%	Mcphail St	high turnover	Every 11.0 years (high turnover)	2025
64.1%	Fitzgerald Rd	quite tightly held	Every 15.6 years (quite tightly held)	2025

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Wright St	10 May 2024	$1,250,000
Woodland St	10 May 2024	$3,075,000
Winifred St	10 May 2024	$580,000
Woolley St	10 May 2024	$3,108,000
Waverley St	10 May 2024	$1,020,000

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
145 Deakin St	Price Withheld	3.0	2.0		15 Apr 2025	On Market
39 Hilda St	Price Withheld	2.0	1.0	1.0	14 Apr 2025	On Market
Unit 1, 6 Schofield St	Price Withheld	2.0	1.0	1.0	13 Apr 2025	On Market
51 Roberts St	$2,560,000	4.0	2.0	2.0	12 Apr 2025	On Market
85 Napier Cr	Price Withheld	4.0	3.0	2.0	12 Apr 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 8, 89 Tennyson St	$480	2.0	1.0	1.0	15 Apr 2025
Unit 16, 12 Fletcher St	$450	2.0	1.0	1.0	15 Apr 2025
Unit 3, 17 Tweedside St	$570	2.0	1.0	1.0	14 Apr 2025
Unit 3, 17 Tweedside St	$570	2.0	1.0	1.0	14 Apr 2025
Unit 1, 209 Napier St	$500	2.0	1.0	1.0	11 Apr 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 38 Lawson St	$480	2	1	1	16 Apr 2025
Unit 5, 3 Washington St	Price Withheld	2	1	1	16 Apr 2025
5a Spencer St	$900	4	2	2	15 Apr 2025
106 Hoffmans Rd	$650	3	1	2	15 Apr 2025
Unit 2, 18 Schofield St	$515	2	1	1	14 Apr 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 505, 1050 Mt Alexander Rd	$550,000	2.0	2.0	1.0	16 Apr 2025	On Market
Unit 1, 119 Buckley St	Price Withheld	1.0	1.0	0.0	16 Apr 2025	On Market
Unit 1, 112 Cooper St	$823,000	2.0	1.0	2.0	16 Apr 2025	On Market
Unit 4, 12 Morton St	$824,000	2.0	1.0	1.0	14 Apr 2025	On Market
Unit 7, 3 Flower St	Price Withheld	2.0	1.0	1.0	14 Apr 2025	On Market

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