If you compare the increase in value of investment property in Essendon West, 3040 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 19.08%.
When looking at the potential capital gains offered to property investors over the last 3 years, Essendon West comes in at number 184th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Essendon West itself are offering an average vendor discount of -6.84% to real estate investors.
Advertised rents are around the $457.5 mark per week – giving a return of 2.16% based on the median price in Suburb