Essendon North, 3041 is offering VIC ‘s 169th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Advertised rents are around the $390 mark per week – giving a return of 1.86% based on the median price in Suburb
Property investors who have had real estate in Essendon North, 3041 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.61%
The five-year average increase in median property values for Essendon North,3041 has given property investors a potential capital gain of -15.57% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Essendon North, 3041. Typically our figures indicate that -4.12% is being offered, which puts this VIC suburb at 1015th most discounted overall in Australia.
Residents and property investors in Essendon North have been waiting around 79.7 days to sell a property.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 4.36%.