ESSENDON NORTH 3041
State: VICPosiProp AI Investment Summary
ESSENDON NORTH (VIC 3041) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.9% and has experienced a 12-month capital growth of Up 10.6%, with a median house buy price of $1,340,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$770,000
$1,192,500
$1,484,000
$1,340,500
Suburb Market Profile
Last month Essendon North had 25 properties available for rent and 21 properties for sale. Median property prices over the last year range from $1,340,500 for houses to $416,000 for units. If you are looking for an investment property, consider houses in Essendon North rent out for $775 PW with an annual rental yield of 2.9% and units rent for $505 PW with a rental yield of 5.6%. Essendon North has seen an annual compound growth rate of 10.6% for houses and 4.0% for units.
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