Essendon North is a smaller suburb in Victoria within the Moonee Valley local government area (postcode 3041). With a population of 3,071, the suburb has an established demographic with a median age of 38. Households earn a median income of $89K per year, with an average household size of 2.1 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Italian.
The median house price in Essendon North is $1.2 million, having risen modestly 1.6% over the past year. Units have a median price of $385,000 (-3.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,000.
Essendon North is served by 1 school, including 1 primary. The average ICSEA score is 1116, which is well above the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Moonee Valley LGA is moderate at 7,876 incidents per 100,000 population.
From an investment perspective, Essendon North offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +1.6% year-on-year.
Essendon North is a smaller suburb in Victoria within the Moonee Valley local government area (postcode 3041). With a population of 3,071, the suburb has an established demographic with a median age of 38. Households earn a median income of $89K per year, with an average household size of 2.1 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Italian.
The median house price in Essendon North is $1.2 million, having risen modestly 1.6% over the past year. Units have a median price of $385,000 (-3.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,000.
Essendon North is served by 1 school, including 1 primary. The average ICSEA score is 1116, which is well above the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Moonee Valley LGA is moderate at 7,876 incidents per 100,000 population.
From an investment perspective, Essendon North offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +1.6% year-on-year.