All About Essendon West, Moonee Valley, VIC, 3040

Essendon West, located within the Moonee Valley municipality in Victoria, offers a dynamic and appealing housing market that attracts a diverse range of buyers. Known for its leafy streets and family-friendly environment, the suburb predominantly features spacious single-family homes, often characterized by charming period facades alongside contemporary architectural designs. While the area maintains a relatively stable property market, recent years have seen an increase in demand, influenced by its proximity to Melbourne's CBD, which is just a short drive or train ride away. This convenience, coupled with high-quality local amenities and schools, makes Essendon West particularly appealing to young families and professionals seeking suburban tranquility without sacrificing urban accessibility.

Living in Essendon West offers a perfect blend of community warmth and modern lifestyle. Residents enjoy a vibrant local culture with plenty of parks, cafes, and recreational facilities that contribute to a lively yet relaxed atmosphere. The suburb boasts excellent educational institutions, including several highly-regarded primary and secondary schools, which are a significant draw for families. The Maribyrnong River and nearby parklands provide idyllic spots for outdoor activities, adding to the suburb's appeal for those who appreciate nature’s touch within an urban setting. Overall, Essendon West is known for its pleasant streetscapes, strong community spirit, and the harmonious balance it strikes between suburban living and city conveniences.

Essendon West Real Estate Market Outlook

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.

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.

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General Points of Interest

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