Investment property in Essendon West has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.81%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Essendon West has increased when compared to the 5 year average annual rate.
Essendon West, 3040 is offering VIC ‘s 604th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
Often selling an investment property can take time, and in Essendon West the average time real estate has been on the market is 44.23 days.
With the median price for a house in Essendon West being $922500 and the advertised rent reaching $455 the gross rental yield for property investors calculates out to be 2.56%