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Real Estate Market: Is Essendon West VIC 3040 a Good Suburb to Buy Into?

Housing Market in Essendon West
Sources: Property Listings and Microburbs, 2002 - 2023
Field Value VS Melbourne Trend
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$724 Top 24% 156% to Dec 2025
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Housing Supply in Essendon West
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
Field Value VS Melbourne Trend
65.6 Top 19% 87% to Jun 2025
1.3 Bottom 35% Data for Jul 2023
74.9 Top 7% Data for May 2023
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16 lots Top 30% 700% to May 2023
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0 Bottom 27% to 0 to Dec 2025
Housing Stock Quality in Essendon West
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
67.4% Bottom 7% 12% to Jan 2021
2.7 Top 30% 48% to Jan 2021
0.9% Top 21% Data for Jun 2023
Development Restrictions in Essendon West
The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023
Field Value VS Melbourne Trend
1.0 sq km Bottom 8% Data for Jan 2021
0.0 sq km Bottom 39% Data for Jun 2023
367 sqm per resident Bottom 16% Data for Jan 2021
Risk in Essendon West
The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
Field Value VS Melbourne Trend
76.6% Bottom 12% 2% to May 2023
23.4% Top 12% 10% to May 2023
31 Bottom 44% Data for Jun 2023
$1,890 Bottom 47% 3% to May 2023
87 Top 6% Data for Jun 2023
80 Top 23% Data for Jun 2023
26.4% Top 28% 7% to Jan 2021
40.0% Top 46% 12% to May 2023
Housing Demand in Essendon West
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
Field Value VS Melbourne Trend
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8920 Bottom 35% 18% to Dec 2036
63000 Bottom 48% 10% to Dec 2023
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155000 Top 11% 47% to Dec 2030
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Unit Market in Essendon West
Sources: Property Listings and Microburbs, 2002 - 2023
Field Value VS Melbourne Trend
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$468 Top 43% 90% to Dec 2025
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49.3% Bottom 21% 45% to Dec 2025
Median Unit Sale Prices by Street (2)
Median House Rental Prices by Street (8)
Median House Sale Prices by Street (7)
LGA Details (1)
Percent of Renters by Street (19)
Turnover Rate by Street (20)
Planning Applications: Dwellings (5)
Businesses (7)
Recently Sold Houses (100)
Recent Rental Unit Listings (100)
Recently Sold Units (100)
Recent Rental House Listings (100)
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