Giving property investors a a stable capital gain of 8.70% for the last year, Essendon West, 3040 is the 1284th highest performer in Australia in this respect.
Essendon West,3040 was ranked 335 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Essendon West itself are offering an average vendor discount of -3.89% to real estate investors.
A $455 per week rent on the median house gives suburb investors a gross yield of circa 2.37%, without taking into account capital value appreciation, which has been averaging out at 9.50%.