At number 16th in the list of Australian suburbs ordered by increase in median house value over the last year, Essendon North, 3041 is in the top 10% with a property value increase of 43.28% recorded in median house prices.
Across a shorter period, Essendon North, 3041 has seen a median price increase of 21.26% over the last quarter.
Property investors looking for a bargain in Essendon North should be aiming for at least -6.68% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Essendon North being $1061000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 1.91%
VIC has seen average median house prices change by 4.26% which means that Essendon North, 3041 has done well for property investors by showing a capital gain of -7.04% over the last year
While Essendon North,3041 ranked number 339th in VIC for increase in median house value (annualised) increase, it is ranked 335th over the last 5 years.
Our latest figures would indicate that property sellers in Essendon North are currently offering property investors an average price cut of -4.12% below the asking price at the moment.
Advertised rents are around the $340 mark per week – giving a return of 4.46% based on the median price in Suburb