Median priceⓘLast 12 months
948kk
↑ +0.5% YoY
Essendon West, VIC 3040
Property data updated ·1,559 residents
Last 12 months snapshot
34 sales · 49 leases · Refreshed July 2026
Essendon West property market
Essendon West's busiest market is unit rentals, but only just, with 31 leases at $755 a week (up) as of July 2026, renting out in about 22 days (up from 19 days last year), with rents growing faster than most unit rental markets in Victoria, around half are 3-bedroom.
House sales are close behind, with 20 sales at around $1.48M, taking about 29 days to sell. Rounding it out, 18 house rentals at $790 a week (one of the country's least in-demand house rental markets). 14 unit sales at around $779k.
High-incomeMixed-agesMostly ownersMulticultural
Who lives hereA high-income, mostly owner-occupied, mixed-age suburb — multicultural.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census · ABS 2021
Essendon West demographics & population
Population
1,559
Median age
39yrs
Avg household
2.7people
Male · Female
49% · 51%
Owner-occupied
50%
Renting
50%
Lone person
50%
Couples, no kids
50%
Born overseas
50%
Year 12+ⓘ
50%
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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Census · ABS 2021
Who lives in Essendon West?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Age & sex959 residentsMaleFemale
Share of all residents by 5-year band · hover a band for the count + split
Life stage
50%
50%
50%
50%
50%
50%
Children0–1450%Youth15–2450%Young adults25–3450%Midlife35–5450%Mature55–6450%Seniors65+50%
Household composition
50%
50%
50%
50%
50%
Lone person50%Couples, no kids50%Families with kids50%Other families50%Group / share50%
2.3 people / household0.5 persons / bedroom50% are 5+ person
Household sizepersons per dwelling
50%1
50%2
50%3
50%4
50%5
50%6+
Cultural make-upshare of residents · diversity = odds two differ
Born overseasⓘResidents born outside Australia, as a share of those who stated a birthplace.50%
Other language at homeⓘResidents who mainly speak a language other than English at home — counts the language used, not how well English is spoken.50%
Limited EnglishⓘResidents who speak English “not well” or “not at all”. A language-barrier measure, not bilingualism — many who speak another language at home still speak English well.50%
Both parents overseasⓘResidents whose mother and father were both born overseas — the Australian-born-to-migrants “second generation”, distinct from being born overseas yourself.50%
Australian citizensⓘResidents who are Australian citizens — both Australian-born and people who have since naturalised.50%
Birthplace diversity19%
Chance two random residents were born in different countries
Language diversity22%
Chance two random residents speak different languages at home
Religious diversity37%
Chance two random residents follow different religions
Where residents were borntop birthplaces
Afghanistan50%
Australia50%
Bangladesh50%
Bosnia & Herzegovina50%
Brazil50%
Cambodia50%
Canada50%
Chile50%
Languages at hometop languages
English only50%
Afrikaans50%
Arabic50%
Australian Indigenous50%
Cantonese50%
Mandarin50%
Other Chinese50%
Croatian50%
Ancestry% reporting · multi-response
Australian50%
Aboriginal/Torres Strait Islander50%
Chinese50%
Croatian50%
Dutch50%
English50%
Faith & belieftap Christianity
No religion50%
▸Christianity50%
Islam50%
Buddhism50%
Hinduism50%
Judaism50%
Other religions50%
Family originsparents’ birthplace
50%
50%
50%
Both parents overseas50%One parent overseas50%Both parents in Australia50%
A strongly multicultural community with deep migrant heritage.
When migrants arrivedshare of overseas-born
Before 198150%
1981-200050%
2001-201050%
2011-201550%
2016-202150%
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Housing & affordability in Essendon West
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Affordability at a glance
LowMedianHighPercentile
Median weekly rentⓘMiddle weekly rent paid by renting households.Top 28%Median weekly rent · $390/wk — above average: in the top 28%, higher rent than 72% of Aussie suburbs.
Median monthly mortgageⓘMiddle monthly mortgage repayment among households with a mortgage.Top 31%Median monthly mortgage · $1,432/mo — above average: in the top 31%, higher mortgages than 69% of Aussie suburbs.
Rent stress (rent ÷ income)ⓘMedian weekly rent as a share of median weekly household income — a rough rental-affordability gauge. Higher = rent takes a bigger bite.Top 50%Rent stress · 50% — typical: right around the median for Aussie suburbs.
Mortgage stress (repay ÷ income)ⓘMedian mortgage repayment (converted to weekly) as a share of median weekly household income. Higher = repayments take a bigger bite.Top 50%Mortgage stress · 50% — typical: right around the median for Aussie suburbs.
High mortgage (≥$3k/mo)ⓘMortgaged households repaying $3,000 or more per month.Top 50%High mortgage · 50% — typical: right around the median for Aussie suburbs.
Social housingⓘHouseholds renting from a state housing authority or community housing provider.Top 50%Social housing · 50% — typical: right around the median for Aussie suburbs.
Unoccupied on census nightⓘDwellings recorded as unoccupied on Census night — holiday homes, between-tenant rentals, etc.Top 50%Unoccupied on census night · 50% — typical: right around the median for Aussie suburbs.
Large dwellings (4+ bed)ⓘOccupied dwellings with 4 or more bedrooms.Top 50%Large dwellings · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Bedrooms per dwellingshare of dwellings
50%0
50%1
50%2
50%3
50%4
50%5
50%6+
Who owns vs rentsoccupied dwellings
50%
50%
50%
50%
Owned outright50%Mortgage50%Renting50%Other50%
What’s built heredwelling types
50%
50%
50%
50%
House50%Townhouse50%Apartment50%Other50%
50% separate houses50% apartments50% high-rise
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Income & employment in Essendon West
Incomes, employment, and the occupation mix of the people who live here.
Income & work at a glance
LowMedianHighPercentile
Median personal incomeⓘMiddle weekly income of individuals aged 15+.Top 24%Median personal income · $597/wk — well above average: in the top 24%, higher personal income than 76% of Aussie suburbs.
Median family incomeⓘMiddle weekly income of families.Top 19%Median family income · $1,546/wk — well above average: in the top 19%, higher family income than 81% of Aussie suburbs.
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
High earners (≥$2k/wk)ⓘResidents earning $2,000 or more per week.Top 50%High earners · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Occupations
LowMedianHighPercentile
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
Clerical & adminⓘEmployed residents in clerical and administrative jobs.Top 50%Clerical & admin · 50% — typical: right around the median for Aussie suburbs.
Community & personal serviceⓘEmployed residents in community and personal-service jobs — care, hospitality, security and similar.Top 50%Community & personal service · 50% — typical: right around the median for Aussie suburbs.
Sales workersⓘEmployed residents in sales jobs.Top 50%Sales workers · 50% — typical: right around the median for Aussie suburbs.
Technicians, trades & labourersⓘEmployed residents in technical/trade, machinery-operating and labouring jobs.Top 50%Technicians, trades & labourers · 50% — typical: right around the median for Aussie suburbs.
Household incomeheight = share of households · weekly
Personal incomeheight = share of residents 15+ · weekly
A typical household pulls in about 3.5× the typical individual — a multi-earner area.
Labour forceemployment status · residents 15+
50%
50%
50%
50%
50%
Employed full-time50%Employed part-time50%Employed (away/other)50%Unemployed50%Not in labour force50%
LowMedianHighPercentile
Full-time workersⓘResidents in the labour force who are employed full-time.Top 50%Full-time workers · 50% — typical: right around the median for Aussie suburbs.
Part-time workersⓘEmployed residents working part-time, of all employed.Top 50%Part-time workers · 50% — typical: right around the median for Aussie suburbs.
Unemployment rateⓘShare of the labour force (people working or actively looking) who are unemployed — not a share of all residents.Top 50%Unemployment rate · 50% — typical: right around the median for Aussie suburbs.
Not in labour forceⓘResidents 15+ neither working nor looking for work — retirees, students, carers.Top 50%Not in labour force · 50% — typical: right around the median for Aussie suburbs.
Labour-force participationⓘResidents 15+ who are in the labour force — working or looking for work.Top 50%Labour-force participation · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Getting around Essendon West
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Transport at a glance
LowMedianHighPercentile
Public transport to workⓘCommuters who travelled to work by train, bus, ferry or tram, of those who travelled.Top 50%Public transport to work · 50% — typical: right around the median for Aussie suburbs.
Walked or cycled to workⓘCommuters who walked or cycled to work, of those who travelled.Top 50%Walked or cycled to work · 50% — typical: right around the median for Aussie suburbs.
Worked from homeⓘEmployed residents who worked from home in the Census week — elevated by COVID in 2021.Top 50%Worked from home · 50% — typical: right around the median for Aussie suburbs.
No motor vehicleⓘHouseholds with no motor vehicle.Top 50%No motor vehicle · 50% — typical: right around the median for Aussie suburbs.
Vehicles per dwellingⓘAverage number of motor vehicles per household.Top 30%Vehicles per dwelling · 0.82 — above average: in the top 30%, more vehicles per home than 70% of Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Journey to workamong commuters · top modes
Car (driver)50%
Car (passenger)50%
Train50%
Bus50%
Tram/light rail50%
Ferry50%
Walked50%
Vehicles per dwellingshare of households
50%0
50%1
50%2
50%3
50%4+
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Essendon West
No school inside Essendon West itself — the closest options around it are shown. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
Within Essendon West0schools in the suburb itself
Primary schools0within 5 km · nearest 5.0 km
Secondary schools0within 5 km · nearest 5.0 km
What is ICSEA Rank?
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
Nearby within0 schools
- No schools within 5 km — widen the radius.
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Census · ABS 2021
Turnover
How settled or transient the community is — and where newcomers came from.
Settledness at a glance
LowMedianHighPercentile
Settled 5+ yearsⓘResidents living at the same address as five years ago — how settled the community is.Top 50%Settled 5+ years · 50% — typical: right around the median for Aussie suburbs.
Moved in past yearⓘResidents living at a different address one year earlier.Top 50%Moved in past year · 50% — typical: right around the median for Aussie suburbs.
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.Top 50%Arrived from overseas · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Where residents lived 5 years agoof those who stated
50%
50%
50%
50%
Same address50%Moved within area50%From elsewhere in Australia50%From overseas50%
Residential paceshare of residents
Moved in the past yearⓘResidents living at a different address one year earlier.50%
Moved in the past 5 yearsⓘResidents not living at the same address as five years ago.50%
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.50%
Property market
Market snapshot
Essendon West median house price & rent
Headline price, rent, yield and time on market for Essendon West — choose a property type and size below.
Active segment
Houses
Units
Days on marketⓘLast 12 months
36
↑ 24 days YoY
SoldⓘLast 12 months
5
↑ +50.0% YoY
Months of supplyⓘLast 12 months
1.6mo
Median rentⓘLast 12 months
$499/w
↑ +50.0% YoY
Days to leaseⓘLast 12 months
18
↓ 11 days YoY
LeasedⓘLast 12 months
7
↑ +0.5% YoY
Gross yieldⓘLast 12 months
3.04%
Annualised
Data confidenceSales sample6ThinLease sample9ThinThin samples can swing month-to-month — treat single-figure deltas with care.
Segment breakdown
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Demand percentile 0–100 · last 12 months12-mo change
Sales
Rental
Demand
Segment
Sold
Price
DOM
Leased
Rent
DOM
Yield
SalesRent
01
Houses · 2 bed6 sales · 9 leases
Sold5
Price—
Sales DOM—
Leased7▲+50.0%
Rent—
Rental DOM—
—
Sales—
Rent—
02
Houses · 3 bed6 sales · 9 leases
Sold5+0.5%
Price—
Sales DOM—
Leased7+0.5%
Rent—
Rental DOM—
—
Sales—
Rent—
03
Houses · 4 bed6 sales · 9 leases
Sold5▲+50.0%
Price—
Sales DOM—
Leased7+0.5%
Rent—
Rental DOM—
—
Sales—
Rent—
04
Units · 2 bed6 sales · 9 leases
Sold5▲+50.0%
Price—
Sales DOM—
Leased7▲+50.0%
Rent—
Rental DOM—
—
Sales—
Rent—
05
Units · 3 bed6 sales · 9 leases
Sold5+0.5%
Price—
Sales DOM—
Leased7+0.5%
Rent—
Rental DOM—
—
Sales—
Rent—
06
Units · 1 bed6 sales · 9 leases
Sold—
Price—
Sales DOM—
Leased7+0.5%
Rent—
Rental DOM—
—
Sales—
Rent—
All houses
Sold5▲+50.0%
Price—
Sales DOM—
Leased7+0.5%
Rent—
Rental DOM—
—
Sales—
Rent—
All units
Sold5▲+50.0%
Price—
Sales DOM—
Leased7▲+50.0%
Rent—
Rental DOM—
—
Sales—
Rent—
Where each segment ranks
Essendon West property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Metric
Ranked against
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
1/1above median
02550 · MEDIAN75100
Percentile vs VIC
Value
Units
0/1above median
02550 · MEDIAN75100
Percentile vs VIC
Value
The buy-versus-rent equation
Buying vs renting in Essendon West
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
Property
Compare to
Houses · Total: +50%
VIC MEDIAN · +44%
Rent covers itRenting matches or beats the cost of owning−10% to 0%
BalancedMortgage roughly matches asking rent+30% to +60%
Far pricier to ownBuying costs much more than renting+100% to +130%+
BreakdownLast 12 months
Holding cost
Mortgage
Rent
Premium
Band
Assumes 80% LVR·6.0% rate·30y P&I
Premium = (weekly mortgage − weekly rent) ÷ weekly rent. Band thresholds are national breakpoints across ~11,400 eligible Australian segments — the Typical premium band spans national P25 to P75, so it’s literally what’s typical.
Market data
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Side
View
Property
Bedrooms
Radius
Compared against
Sales market velocity
5 nearby suburbs · 10km · Total house · sales
risingfalling
DOM change YoYis demand rising or falling?
median
median
Recoveryweak but rising
Boomstrong and rising
Troughweak and falling
Peakstrong but easing
Nearby suburb
Demand index
54 / 100vs VIC
Days on market
15 days▼ −1 day YoY
Median price
$1.20M▼ −6.0% YoY
Sold (last year)
30▼ −10.3% YoY
Nearby suburb
Demand index
66 / 100vs VIC
Days on market
17 days0 days YoY
Median price
$876k▼ −1.6% YoY
Sold (last year)
85▼ −4.2% YoY
Nearby suburb
Demand index
74 / 100vs VIC
Days on market
22 days▼ −3 days YoY
Median price
$770k▼ −0.1% YoY
Sold (last year)
88▲ +9.3% YoY
Nearby suburb
Demand index
72 / 100vs VIC
Days on market
24 days0 days YoY
Median price
$899k▲ +3.6% YoY
Sold (last year)
146▲ +6.4% YoY
Nearby suburb
Demand index
86 / 100vs VIC
Days on market
18 days0 days YoY
Median price
$1.51M▲ +7.6% YoY
Sold (last year)
129▲ +3.1% YoY
Essendon West · this suburb
Demand index
36 / 100vs VIC
Days on market
36 days▼ −24 days YoY
Median price
$948k▲ +0.5% YoY
Sold (last year)
5▲ +50.0% YoY
weakSales market velocityhow strong sales demand isstrong
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
Market data
Essendon West against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Essendon West in blue, peers in colour.
Pair
View
Property
Bedrooms
Radius
How fast — and is it getting faster?
5 peer suburbs · 10km · Total house
fasterslower
DOM change YoYvs 12 months ago
median
median
Recoveringquiet but accelerating
Boomingbusy and accelerating
Stalledquiet and slowing further
Coolingbusy but slowing
Nearby suburb
Demand index
32 / 100vs Australia
Days on market
15 days▼ −1 day YoY
Median price
$1.20M▼ −6.0% YoY
Sold (last year)
30▼ −10.3% YoY
Gross yield
1.00%
Nearby suburb
Demand index
39 / 100vs Australia
Days on market
17 days0 days YoY
Median price
$876k▼ −1.6% YoY
Sold (last year)
85▼ −4.2% YoY
Gross yield
2.33%
Nearby suburb
Demand index
61 / 100vs Australia
Days on market
22 days▼ −3 days YoY
Median price
$770k▼ −0.1% YoY
Sold (last year)
88▲ +9.3% YoY
Gross yield
2.95%
Nearby suburb
Demand index
47 / 100vs Australia
Days on market
24 days0 days YoY
Median price
$899k▲ +3.6% YoY
Sold (last year)
146▲ +6.4% YoY
Gross yield
1.67%
Nearby suburb
Demand index
54 / 100vs Australia
Days on market
18 days0 days YoY
Median price
$1.51M▲ +7.6% YoY
Sold (last year)
129▲ +3.1% YoY
Gross yield
1.71%
Essendon West · this suburb
Demand index
50 / 100vs Australia
Days on market
36 days▼ −24 days YoY
Median price
$948k▲ +0.5% YoY
Sold (last year)
5▲ +50.0% YoY
Gross yield
3.04%
slowDays on marketmedian days to sellfast
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
How much is available right now?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
View
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|
median
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|
median
Severe
Very Tight
Tight
Balanced
Loose
Very Loose
Saturated
Under-suppliedOver-supplied
Market data
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Property
Essendon West — Units & Houses, all bedrooms
Jul 2021 – Jun 2026 · each point = a 12-month window
0%25%50%75%100%20222023202420252026
Sales · buyer transactions
Leases · tenant transactions
Five-year arc
Essendon West median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Essendon West rose from $751k (Jul 2021) to $761k (Jun 2026) — +1.4% growth over five years — peaking at $1.43M between Jan 2024 and Dec 2024. Median house rent went from $400/wk to $503/wk (+25.8%) over the same period. For units, the median sale price rose from $589k to $674k (+14.5%), with rent up from $286/wk to $608/wk (+112.6%) over the same period.
PropertyBedrooms
Median price (trailing year)
Jun 2026
$761k-22.4%
5y median $931kvs last year $981k
Total sales (trailing year)
Jun 2026
11+10.0%
5y median 17vs last year 10
Days on market (trailing year)
Jun 2026
21 days-12
5y median 49 daysvs last year 33 days
Median rent (trailing year)
Jun 2026
$503/wk+1.2%
5y median $441/wkvs last year $497/wk
Total leases (trailing year)
Jun 2026
16+33.3%
5y median 16vs last year 12
Days on market (rental) (trailing year)
Jun 2026
19 days+5
5y median 17 daysvs last year 14 days
Gross yield (trailing year)
Jun 2026
1.59%-0.27 pt
5y median 1.65%vs last year 1.86%
Months of supply
Jun 2026
2.0 months-55.4%
5y median 2.5 monthsvs last year 4.5 months
Months of supply (rental)
Jun 2026
2.1 months+340.5%
5y median 1.3 monthsvs last year 0.5 months
Nearby markets
Suburbs near Essendon West: prices compared
The nearest suburbs to Essendon West, ranked by distance — each lined up against Essendon West on the same measures, so the differences jump out at a glance.
Market
Property
Bedrooms
Radius
Colour by
This marketEssendon WestVIC 3040 · Houses · Total
Price$948k
DOM36 days
Sold5
5 markets within 5kmLast 12 months
01
AberfeldieVIC 3040 · 0.7km · Houses · Total
Price$1.20M
DOM15 days
Sold30
priciermuch faster
02MaribyrnongVIC 3032 · 1.0km · Houses · Total
Price$770k
DOM22 days
Sold88
cheaperfaster
03Avondale HeightsVIC 3034 · 1.0km · Houses · Total
Price$899k
DOM24 days
Sold146
cheaperfaster
04NiddrieVIC 3042 · 1.1km · Houses · Total
Price$876k
DOM17 days
Sold85
cheapermuch faster
05EssendonVIC 3040 · 1.3km · Houses · Total
Price$1.51M
DOM18 days
Sold129
much priciermuch faster
Houses · TotalSales market
Stat colourHow each suburb's stat compares to Essendon West
Much lowerLowerSimilarHigherMuch higher
Similar markets
Suburbs like Essendon West
Suburbs anywhere in VIC that behave like Essendon West — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Essendon West vs Glen Huntly: the closest sales-market match trades at a median of $863k against Essendon West's $948k — about 9% lower, with homes selling in 18 days versus 36 days here.
Colour by
Property
Bedrooms
Market
This marketEssendon WestVIC 3040 · Houses · Total
Price$948k
DOM36 days
Sold5
Most similar sales markets · within 6.0–16 kmLast 12 months
0102030405
Glen HuntlyVIC 3163 · 16km · 54% match
Price$863k
DOM18 days
Sold16
Caulfield EastVIC 3145 · 13km · 43% match
Price$1.08M
DOM23 days
Sold11
SeaholmeVIC 3018 · 10km · 43% match
Price$931k
DOM20 days
Sold16
West MelbourneVIC 3003 · 6km · 63% match
Price$1.14M
DOM25 days
Sold26
Princes HillVIC 3054 · 6km · 51% match
Price$1.24M
DOM17 days
Sold15
Stat colourHow each suburb's stat compares to Essendon West
Much lowerLowerSimilarHigherMuch higher
Comparable sales markets to Essendon West: Glen Huntly median house price, Caulfield East property growth, Seaholme market trends, West Melbourne house prices and Princes Hill property market.
Essendon West's closest rental-market twins: Princes Hill property market, Caulfield East property growth, Glen Huntly property market, West Melbourne house prices and Seaholme (VIC 3018). Each link opens that suburb's full market report.
Market data
Frequently asked · Essendon West
26 data-driven answers about Essendon West's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Essendon West?
#The median house price in Essendon West, VIC 3040 is $948k as of June 2026, based on 6 sales over the past 12 months. Houses there have moved +0.5% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Essendon West?
#The median unit price in Essendon West, VIC 3040 is $948k as of June 2026, based on 6 sales over the past 12 months. Units have moved +0.5% year-on-year and currently trade at roughly 100% of the median house price.
How much does it cost to rent in Essendon West?
#The median weekly house rent in Essendon West is $499 as of June 2026, drawn from 9 leases over the past 12 months. Units rent for around $499 per week. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Essendon West?
#A 3 bedroom house in Essendon West rents for a median $499 per week as of June 2026, drawn from 9 leases over the past 12 months. Across other house sizes: 2-bedroom $499/week, 4-bedroom $499/week. Unit rents: 1-bedroom $499/week, 2-bedroom $499/week, 3-bedroom $499/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Essendon West?
#Gross rental yield in Essendon West is 3.04% for houses and 3.04% for units as of June 2026, compared with the VIC unit median of 3.87%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Essendon West?
#As of June 2026, Essendon West medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $948k | $948k | $948k | $948k |
| Units | — | $948k | $948k | — | $948k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Essendon West median?
#At the median Essendon West house ($948k purchase, $499/week rent), weekly mortgage repayments sit at roughly $1146 — about $647 more per week than renting. That gap is the ownership premium. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Essendon West's property market trends?
#Essendon West's property market trends to June 2026: house prices rose +0.5% year-on-year and units +0.5%; weekly house rents moved +50.0%; homes now sell in a median 36 days — faster than a year ago by 24; sales supply sits at 1.6 months (severe). Read together — price, rent, selling speed and supply — they show which way the Essendon West market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Essendon West as an investment?
#As of June 2026 in Essendon West, house prices rose +0.5% over the year, gross rental yield is 3.04% against a VIC median of 2.92%, houses take a median 36 days to sell, sales supply is 1.6 months (severe). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Essendon West?
#Houses in Essendon West sell in a median 36 days on market as of June 2026, with units clearing slightly similarly at 36 days. Days on market have tightened by 24 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Essendon West a tight or loose property market right now?
#Essendon West's sales market sits at 1.6 months of supply for houses as of June 2026 — classified as Severe (extreme shortage) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is looser at 2.6 months of supply.
Have property prices in Essendon West gone up or down?
#House prices in Essendon West moved +0.5% over the 12 months to June 2026, while units moved +0.5%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Essendon West?
#Essendon West's house rental market sits at 2.6 months of supply as of June 2026 — classified as Saturated (extreme oversupply), with 7 houses leased over the past 12 months. Units sit at 2.2 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Essendon West in its property market cycle?
#Essendon West's house market is currently in the 'softer_firming' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Essendon West compare to other VIC suburbs?
#Essendon West's median house price ($948k) is 101% above the VIC median ($471k) as of June 2026. On selling speed, houses clear in 36 days vs 17 days state median. On gross yield, Essendon West sits at 3.04% vs 2.92% state median.
How does Essendon West compare to neighbouring suburbs?
#Essendon West's most-similar nearby market is Glen Huntly (16.1 km away) with a median house price of $863k — about 9% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Essendon West?
#The most-transacted segment in Essendon West over the 12 months to June 2026 is 2 bed houses with 5 sales. 3 bed houses come second at 5 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Essendon West last year?
#Essendon West recorded 5 house sales and 5 unit sales over the 12 months to June 2026 — a combined 10 transactions. On the rental side, 7 houses and 7 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Essendon West in?
#Essendon West is in postcode 3040, in the North West Melbourne region of VIC. Addresses there are written as Essendon West, VIC 3040.
What is the population of Essendon West?
#Essendon West, VIC 3040 is home to 959 residents (ABS Census 2021). The median resident age is 32, and the average household holds 2.3 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Essendon West?
#The median household in Essendon West earns $2k per week — roughly $109k a year (ABS Census 2021). Median personal income runs $597/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Essendon West?
#The unemployment rate in Essendon West is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Essendon West?
#Essendon West is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Essendon West?
#Essendon West has 150 schools within reach — including St Bernard's College, Rosehill Secondary College, Our Lady of the Nativity School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Essendon West a good place to live?
#Essendon West, VIC 3040 has a population of 959, a median age of 32, a median household income around $2k/week, 50% of households renting (ABS Census 2021). There are 150 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Essendon West market data last updated?
#This Essendon West market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.