What is the current median house price in Essendon, VIC?
The median house price in Essendon, VIC 3040 is $1,500,000 as of 2026. Prices have grown by 4.0% over the past 12 months.
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Core Market Intelligence — May 2026
The median house price in Essendon, VIC 3040 is $1,500,000 as of 2026. Prices have grown by 4.0% over the past 12 months.
Essendon shows favourable investment fundamentals. Key indicators include positive 12-month capital growth of 4.0%, a rental yield of 3.5%. Investors should consider their strategy (capital growth vs yield) and conduct due diligence on local market conditions before making decisions.
The gross rental yield in Essendon, VIC 3040 is approximately 3.5%, with a median weekly rent of $380. This yield reflects a growth-oriented market where capital gains may offset lower income returns.
Essendon, VIC 3040 has a population of 21,240 with a median age of 39. The median household income is $4,624.