Suburb Profile Report for Essendon West VIC (3040)

Essendon West House: Median price $1,090,000, Annual capital growth 7.95%, Number of sales 25, Weekly median advertised rent $475

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Investment property in Essendon West has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.84%

Across a shorter period, Essendon West, 3040 has seen a median price increase of 0.51% over the last quarter.

Using the current median advertised rental of $475 and the average annual increase in value of a median property of 7.95%, investors should hope to achieve an overall return of 2.27%

Metrics i HOUSE UNIT
$1,090,000 N/A
0.51% N/A
17.84% N/A
7.95% N/A
$475 N/A
25 N/A
2.27% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 1398
Median household income ($/weekly) 1406
Median age of persons 40
Median housing loan repayment ($/monthly) 2074
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 194 13.9
    25-34 years 139 9.9
    35-44 years 220 15.7
    45-54 years 198 14.2
    55-64 years 136 9.7
    Others 511 36.6
    Age Group
    Census Count Percent(%)
    Registered Married 558 51.8
    Not Married 448 41.6
    Defacto Relationship 71 6.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1118 81.7
    Croatia 21 1.5
    Japan 34 2.5
    United Kingdom 30 2.2
    Other 26 1.9
    Others 139 10.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 2.7
    Christianity 1003 76.4
    Hinduism 5 0.4
    Islam 8 0.6
    No Religion 257 19.6
    Others 4 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 44 9.5
    $600-$799 45 9.7
    $1,250-$1,499 38 8.2
    $1,500-$1,999 64 13.8
    $2,500-$2,999 61 13.2
    Others 211 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 430 39.1
    Not in the labour force 390 35.4
    Employed, worked part-time 222 20.2
    Employed, away from work 34 3.1
    Unemployed, looking for work 25 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 89 13.0
    Professionals 198 28.9
    Technicians & trades workers 91 13.3
    Community & personal service workers 70 10.2
    Clerical & administrative workers 109 15.9
    Others 129 18.8
    Occupation
    Census Count Percent(%)
    Pre-school 20 5.3
    Infants/Primary 126 33.7
    Secondary 107 28.6
    Technical or Further Educational Institution 29 7.8
    University or other Tertiary Institutions 82 21.9
    Others 10 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1103 81.3
    Semi-detached, row or terrace house, townhouse 131 9.7
    Flat, unit or apartment 114 8.4
    House or flat attached to a shop, office 8 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 229 45.3
    Being purchased 156 30.9
    Rented 120 23.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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