At number 1366th in the list of Australian suburbs ordered by increase in median house value over the last year, Essendon North, 3041 is in the top 40% with a property value increase of 8.56% recorded in median house prices.
Vendor discounting in Essendon North is giving property investors an average Vendor Discount of around -6.68%. This puts suburb at number 186th in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $4680 per annum or $390 every week.
If you compare the increase in value of investment property in Essendon North, 3041 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.00%.
Across a shorter period, Essendon North, 3041 has seen a median price increase of -1.19% over the last quarter.
Property buyers and investors in Essendon North 3041 should be seeing an average reduction in asking price of around -4.68% . This means that Essendon North is holding prices well when compared to other suburbs in VIC.
Advertised rents are around the $340 mark per week – giving a return of 4.26% based on the median price in Suburb