Essendon West is a small community in Victoria within the Moonee Valley local government area (postcode 3040). With a population of 1,559, the suburb has an established demographic with a median age of 39. Households earn a median income of $122K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Essendon West is $1.7 million, having surged 43.8% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,682.
Public transport access includes 8 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 West offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +43.8% year-on-year.
Essendon West is a small community in Victoria within the Moonee Valley local government area (postcode 3040). With a population of 1,559, the suburb has an established demographic with a median age of 39. Households earn a median income of $122K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Essendon West is $1.7 million, having surged 43.8% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,682.
Public transport access includes 8 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 West offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +43.8% year-on-year.