Property value increases in Essendon North have tracked higher than the VIC average of 11.00% over the last 12 months.
Comparing Essendon North,3041 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Essendon North is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 32th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 1.89%, without taking into account capital value appreciation, which has been averaging out at 11.55%.
Giving property investors a an unimpressive capital gain of -1.38% for the last year, Essendon North, 3041 is the 1240th highest performer in Australia in this respect.
While Essendon North,3041 ranked number 101th in VIC for increase in median house value (annualised) increase, it is ranked 323th over the last 5 years.
Sellers are offering property buyers an average discount of -5.58% to buyers in Essendon North at the moment, which is less than average for the rest of VIC.
Situated 8.56km from the CBD, Essendon North is one of Moonee Valley localities in the postcode 3041.