ESSENDON WEST 3040
State: VICPosiProp AI Investment Summary
ESSENDON WEST (VIC 3040) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.2% and has experienced a 12-month capital growth of Down -3.7%, with a median house buy price of $1,480,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,640,000
$1,352,500
$1,505,000
$1,480,000
Suburb Market Profile
Last month Essendon West had 7 properties available for rent and 8 properties for sale. Median property prices over the last year range from $1,480,000 for houses to $685,000 for units. If you are looking for an investment property, consider houses in Essendon West rent out for $795 PW with an annual rental yield of 3.2% and units rent for $730 PW with a rental yield of 4.9%. Essendon West has seen an annual compound growth rate of -3.7% for houses and -23.9% for units.
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