Real Estate Essendon Vic 3040

Essendon: Sporting, family-friendly, historic, diverse.

Housing Market in Essendon

Key Essendon Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$764	Top 20%	152% to Apr 2026
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Essendon

Essendon Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Development applications	34.7	Top 20%	66% to Jun 2025
Developments	0.2	Bottom 24%	Data for Jul 2023
Housing Stock Quality Indicator	92.1	Top 2%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	2 lots	Bottom 15%	Data for Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	79	Top 1%	558% to Mar 2026

Housing Stock Quality in Essendon

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	47.3%	Bottom 3%	20% to Jan 2021
Average bedrooms - all homes	2.4	Bottom 42%	4% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Essendon

Essendon Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Melbourne	Trend
Total area	6.9 sq km	Bottom 47%	Data for Jan 2021
Heritage overlay total area	1.1 sq km	Top 10%	Data for Jun 2023
Residential density	278 sqm per resident	Bottom 7%	Data for Jan 2021

Risk in Essendon

Essendon Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
% Owner Occupied	69.4%	Bottom 6%	2% to May 2023
% Rentals	30.6%	Top 6%	5% to May 2023
Housing Affordability Index	59	Top 7%	Data for Jun 2023
Median monthly mortgage	$2,490	Top 23%	22% to May 2023
Rent Affordability Index (Houses)	83	Top 21%	Data for Jun 2023
Rent Affordability Index (Units)	82	Top 16%	Data for Jun 2023
Mortgage as a percent of income	24.5%	Top 37%	12% to Jan 2021
Mortgaged Dwellings	33.1%	Bottom 34%	10% to May 2023

Housing Demand in Essendon

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	14600	Top 39%	18% to Dec 2036
Historical Population (SA3)	72000	Top 43%	25% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	155000	Top 11%	47% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Essendon

Essendon Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$500	Top 36%	131% to Apr 2026
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	33.1%	Bottom 3%	42% to Apr 2026

LGA Details (1)

Headline	Place	Datetime
Local government area	Moonee Valley

Median Unit Sale Prices by Street (46)

Date	Median sale value	Street
28 Mar 2026	$542,900	Albion St
28 Mar 2026	$689,900	Ardoch St
28 Mar 2026	$553,900	Ballater St
28 Mar 2026	$644,300	Balmoral St
28 Mar 2026	$548,900	Braemar St

Median House Rental Prices by Street (57)

Level_0	Street	Date	Median rent (per week)
27694	Forrester St	28 Mar 2026	$1,146
27691	Flower St	28 Mar 2026	$992
27678	Fitzgerald Rd	28 Mar 2026	$728
27685	Fletcher St	28 Mar 2026	$560
27738	Glass St	28 Mar 2026	$973

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
60.5%	Lyon St	quite tightly held	Every 16.5 years (quite tightly held)	2026
75.0%	King St	average turnover	Every 13.3 years (average turnover)	2026
57.9%	Monica St	quite tightly held	Every 17.3 years (quite tightly held)	2026
45.2%	Locke St	very tightly held	Every 22.1 years (very tightly held)	2026
57.1%	Mccracken St	quite tightly held	Every 17.5 years (quite tightly held)	2026

Median House Sale Prices by Street (75)

Street	Date	Median sale value
Albion St	28 Mar 2026	$1,061,000
Alfred Rd	28 Mar 2026	$2,247,000
Ardoch St	28 Mar 2026	$906,800
Ballater St	28 Mar 2026	$2,080,000
Bradshaw St	28 Mar 2026	$1,872,000

Percent of Renters by Street (100)

Percent of Renters	Street
76.7%	Black St
63.7%	Amelia Ave
31.8%	Amelia Avenue
66.2%	Ardoch St
55.9%	Ardoch Street

Accommodation Options (8)

Headline	Place	Datetime
Alexander Motor Inn & Apartments	980 Mt Alexander Rd
Melbourne Residential Property Management	Suite 7/ 207-211 Buckley St
StayCentral Serviced Apartments - Essendon	1050 Mount Alexander Rd
Punt Hill Essendon	1142 Mt Alexander Rd
Punthill Essendon Grand Apartment Hotel	1142 Mount Alexander Rd

Realtors (15)

Headline	Place	Datetime
Anthony Hanna Real Estate	87 Woodland St
Barry Plant Essendon	877 Mt Alexander Rd
Brad Teal Real Estate	1122 Mt Alexander Rd
Considine Real Estate	1 Woodland St
Dulger Homes	39-41 Keilor Rd

Businesses (97)

Name	Address
Bill Jacobs Pty Ltd.	121 Buckley St, Essendon VIC 3040, Australia
ESSENDON QUARRIES	271 Buckley St, Essendon VIC 3040, Australia
M.A.C Building Group	Suite 1, Level 1/88 Albion St, Essendon VIC 3040, Australia
Building Advice & Contract Assessment	59 Fletcher St, Essendon VIC 3040, Australia
R.I.Brown Pty Ltd	72 Lincoln Rd, Essendon VIC 3040, Australia

Planning Applications: Dwellings (62)

Headline	Place	Date
Construction of a multi-storey mixed use building comprising a residential aged care facility and retail premises and the display of internally illuminated business identification signage in a Built Form Overlay (BFO1) - City of Moonee Valley MV/688/2025	25-29 Keilor Road, Essendon VIC 3040	05 Mar 2026
Construction of two double storey dwellings AMENDMENT - City of Moonee Valley MV/64/2012/C	14A Black Street, Essendon VIC 3040	26 Feb 2026
Construction of a six-storey mixed use building comprising ground floor retail premises and aged care facility above and alteration of access to a road in a Transport Zone 2 in the Design and Development Overlay - City of Moonee Valley MV/156/2025	165-169 Keilor Road, Essendon VIC 3040	19 Feb 2026
Construction of an extension and associated outbuilding, external alterations and partial demolition to a dwelling in a Heritage Overlay (HO455) - City of Moonee Valley MV/472/2025	3 MacKay Street, Essendon VIC 3040	02 Dec 2025
Construction of twelve (12) dwellings, front fence and a reduction in the statutory car parking requirements. - City of Moonee Valley MV/336/2025	113 Napier Street, Essendon VIC 3040	14 Nov 2025

Planning Applications: Other (38)

Headline	Place	Date
Construction of a multi-storey mixed use building comprising a residential aged care facility and retail premises and the display of internally illuminated business identification signage in a Built Form Overlay (BFO1) - City of Moonee Valley MV/688/2025	25-29 Keilor Road, Essendon VIC 3040	05 Mar 2026
Construction of a six-storey mixed use building comprising ground floor retail premises and aged care facility above and alteration of access to a road in a Transport Zone 2 in the Design and Development Overlay - City of Moonee Valley MV/156/2025	165-169 Keilor Road, Essendon VIC 3040	19 Feb 2026
External alteration to an existing building and display of internally illuminated business identification signage in the Commercial 1 Zone (C1Z) - City of Moonee Valley MV/414/2025	16/383 Keilor Road, Essendon VIC 3040	29 Aug 2025
Demolition of an existing outbuilding and side fencing, partial demolition of a dwelling and the construction of alterations and additions, including a garage and fencing to an existing dwelling in a Heritage Overlay (HO2) - City of Moonee Valley MV/216/2025	67 Glass Street, Essendon VIC 3040	25 Jul 2025
Creation of lot 13. upon registration of this plan remove lot 13 from owners corporation of rp015763. lot 13 to be consolidated into vol:12457 fol:249 (pc382112t) in future plan of consolidation as per supplied contract of sale executed by tisher liner fc law. - Streamlined Planning through Electronic Applications and Referrals S209560C	80 Napier Crescent, Essendon VIC 3040	16 Mar 2023

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
12 Clarinda Rd	$1,670,000	3.0	1.0	1.0	07 Feb 2026	On Market
Unit 2, 10 Laluma St	$734,000	2.0	1.0	1.0	07 Feb 2026	On Market
77 Napier Cr	$2,000,000	4.0	2.0	3.0	05 Feb 2026	On Market
29 Levien St	Price Withheld	4.0	2.0	3.0	04 Feb 2026	On Market
24 Mary St	Price Withheld	5.0	5.0	3.0	03 Feb 2026	On Market

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
80 Ogilvie St	$620	2	1	1	06 Feb 2026
80 Ogilvie St	$620	2	1	1	06 Feb 2026
3 Carnarvon Rd	$880	3	3	2	04 Feb 2026
3 Carnarvon Rd	$880	3	3	2	04 Feb 2026
3 Carnarvon Rd	$880	3	3	2	04 Feb 2026

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 202, 1032-1036 Mt Alexander Rd	$760	2.0	2.0	1.0	07 Feb 2026
Unit 11, 31 Raleigh St	$450	1.0	1.0	1.0	06 Feb 2026
Unit 11, 31 Raleigh St	$450	1.0	1.0	1.0	06 Feb 2026
Unit 4, 27 Ballater St	$500	2.0	1.0	1.0	06 Feb 2026
Unit 4, 27 Ballater St	$500	2.0	1.0	1.0	06 Feb 2026

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 8, 120 Primrose St	Price Withheld	1.0	1.0	1.0	07 Feb 2026	On Market
Unit 8, 2a Cameron Rd	$683,000	3.0	1.0	1.0	07 Feb 2026	On Market
Unit 105, 36 Collins St	$399,000	1.0	1.0	1.0	07 Feb 2026	On Market
Unit 302, 1005 Mt Alexander Rd	$350,000	1.0	1.0	1.0	04 Feb 2026	On Market
Unit 302, 1005 Mt Alexander Rd	$350,000	1.0	1.0	1.0	04 Feb 2026	On Market

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