Thinking about buying in Essendon West? Now could not be a better time, with 813 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,642,000 with prices in this suburb ranging from $459,000 to $6,516,000. Essendon West is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $436.00 |
Median Monthly Mortgage | $2276.50 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 3.00 |
Average Age | 39.50 |
Average Income | $991.00 |
Average Cars Per Dwelling | 2.03 |
Average Properties Within 50M | 15 |
1 Bed  $1,878,000 |
2 Bed  $943,000 |
3 Bed  $1,740,000 |
4 Bed  $1,892,000 |
5 Bed  $2,624,000 |
6 Bed+$1,852,000 |
Consistent high demand relative to supply is a key feature in Essendon West driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Essendon West ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Essendon West provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Essendon West necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Essendon West we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Essendon West a better buying opportunity than it may have been in the past.
UNIT 4, 63 HAMPTON RD, ESSENDON WEST, VIC, 3040 | 4 | 2 | 1 | $740,000 - $795,000 | |
453 BUCKLEY ST, ESSENDON WEST, VIC, 3040 | 4 | 2 | 2 | Auction $1,160,000 - $1,260,000 | |
UNIT 3, 404 BUCKLEY ST, ESSENDON WEST, VIC, 3040 | 2 | 1 | 1 | Private Sale $1,100,000 |
St Bernard's College
Rosehill Secondary College
Aberfeldie Primary School
St John Bosco's School
St Margaret's Primary School
Our Lady of the Nativity School
Buckley Park College
Ave Maria College
Essendon Keilor College
Resurrection House
(While the above schools are located with the suburb of Essendon West there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 15.0 | 27.7 | 39.0 | 86.3 | 5.3 | 24.8 |
Feb | 1.3 | 15.1 | 26.9 | 42.3 | 89.0 | 4.9 | 20.6 |
Mar | 1.2 | 13.7 | 24.8 | 43.5 | 88.7 | 4.6 | 16.0 |
Apr | 1.6 | 10.9 | 21.1 | 48.2 | 91.3 | 4.3 | 11.7 |
May | 1.4 | 8.6 | 17.1 | 56.6 | 92.2 | 4.7 | 8.5 |
Jun | 1.4 | 6.5 | 14.4 | 64.1 | 94.3 | 4.3 | 7.4 |
Jul | 1.2 | 6.5 | 14.0 | 61.6 | 92.9 | 5.2 | 7.7 |
Aug | 1.4 | 6.7 | 14.9 | 54.8 | 92.0 | 5.4 | 10.2 |
Sept | 1.7 | 8.1 | 17.9 | 47.7 | 90.7 | 5.4 | 14.4 |
Oct | 1.6 | 9.5 | 20.7 | 44.5 | 90.7 | 5.3 | 19.0 |
Nov | 2.3 | 11.5 | 23.1 | 43.9 | 90.3 | 5.1 | 21.4 |
Dec | 1.8 | 13.2 | 25.6 | 41.0 | 88.3 | 5.1 | 24.8 |
source: Australian Government Bureau of Meteorology
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!