Is ESSENDON WEST a good suburb for positive geared property investment in Australia?

ESSENDON WEST in VIC currently features property rental yields up to 3.3% with a 12-month capital growth value of Up 3.9%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in ESSENDON WEST 3040?

The median house price in ESSENDON WEST 3040 is approximately $1,550,000 based on the latest tracked market indices.

Investment Spotlight • Australia

ESSENDON WEST 3040

State: VIC

Updated: 6 August 2026

PosiProp AI Investment Summary

ESSENDON WEST (VIC 3040) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.3% and has experienced a 12-month capital growth of Up 3.9%, with a median house buy price of $1,550,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$1,595,000

Not available 3.0% Yield

3 house • buy

$1,352,500

Up 52.3% 3.2% Yield

4 house • buy

$1,552,500

Down -8.7% 3.5% Yield

all house • buy

$1,550,000

Up 3.9% 3.3% Yield

Suburb Market Profile

Last month Essendon West had 9 properties available for rent and 5 properties for sale. Median property prices over the last year range from $1,550,000 for houses to $778,750 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 3.3% and units rent for $730 PW with a rental yield of 4.7%. Essendon West has seen an annual compound growth rate of 3.9% for houses and -11.5% for units.

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