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 2.9% and has experienced a 12-month capital growth of Down -6.0%, with a median house buy price of $1,575,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,595,000
$1,175,000
$1,600,000
$1,575,000
Suburb Market Profile
Last month Essendon West had 7 properties available for rent and 12 properties for sale. Median property prices over the last year range from $1,575,000 for houses to $915,000 for units. If you are looking for an investment property, consider houses in Essendon West rent out for $800 PW with an annual rental yield of 2.9% and units rent for $710 PW with a rental yield of 4.7%. Essendon West has seen an annual compound growth rate of -6.0% for houses and 17.3% for units.