VIC has seen average median house prices change by 8.91% which means that Essendon North, 3041 has done well for property investors by showing a capital gain of 0.45% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Essendon North has increased when compared to the 5 year average annual rate.
Vendor discounting in Essendon North is giving property investors an average Vendor Discount of around -0.80%. This puts suburb at number 656th in VIC when ranking the most discounted suburbs.
In the last year 17 properties changed hands in Essendon North, which puts it as the 632th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
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 -16.85%
When looking at the potential capital gains offered to property investors over the last 3 years, Essendon North comes in at number 370th in VIC.
Property buyers and investors in Essendon North 3041 should be seeing an average reduction in asking price of around -4.86% . This means that Essendon North is holding prices well when compared to other suburbs in VIC.