essendon north

3041, Victoria

Real Estate & Property Information

Median
Price Rank
129

essendon north Suburb Profile & Review

Essendon North is located in City of Moonee Valley, only 12km from the centre of Melbourne. Windy Hill, the AFL ground that serves as the Essendon Bombers practice oval, is perhaps the area's most iconic local landmark. However, residents also benefit from the presence of two major shopping precincts: Essendon DFO, and a Westfield shopping centre in Airport West. Combined, they boast hundreds of big name retailers and several bustling food courts.

There is one school within the suburb's boundaries, Essendon North Primary School, though there are many highly regarded schools in neighbouring Essendon, including Lowther Hall Anglican Grammar School, Buckley Park College and Penleigh and Essendon Grammar Junior School. There is also a Kangan Institute of TAFE campus which specialises in business management, IT and commerce.

Public transport is incredibly convenient. There are three railway stations on the Craigieburn line, and the route 59 tram from Airport West to Elizabeth Street in the city stops at key points like Essendon North Primary School. Cyclists are big fans of the area due to the proximity of the Maribyrnong River Trail and Moonee Ponds Creek Trail. Both routes are scenic and easy, and riders are often forgiven for thinking they are in the middle of the country.

essendon north Demographic Data

$ 660,000 Median House Price

18 Minutes Average Commute

39 Median Age

2,289 Population

51.03 % Female

48.97 % Male

552 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in essendon north, Victoria.

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essendon north Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

essendon north Median House Prices

  • 2008 $ 467,000
  • 2009 $ 590,000
  • 2010 $ 640,500
  • 2011 $ 808,250
  • 2012 $ 660,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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essendon north 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in essendon north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term essendon north property price predictions.

essendon north Market Property Types

  • 47 % Seperate House
  • 14 % Semi Detached
  • 39 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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essendon north Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

essendon north Income & Mortgage Stats

  • $ 1,270 Median Weekly Household Income
  • $ 1,950 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in essendon north

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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essendon north Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

essendon north Sold Property Prices

essendon north Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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essendon north Restaurants

  • Tookaiya Japanese Restaurant314 Keilor Rd essendon north VIC 304103 9374 3099
  • China Max6 Keilor Rd essendon north VIC 304103 9374 1988

essendon north Cafes

  • Hollie's CafeHargrave Avenueessendon north VIC 304103 9379 7510
  • The Coffee ClubBulla Roadessendon north VIC 304103 9379 6686

essendon north Schools

  • Essendon North Primary School12 Keilor Rdessendon north VIC 3041(03) 9379 3979State Primary School

essendon north Kindergarten and Preschools

  • North Essendon KindergartenMcCulloch Stessendon north VIC 3041

essendon north Sporting Centres and Clubs

  • Doutta Gallaessendon north VIC 3041Tennis Club & Courts

essendon north Retirement Villages

  • Royal Av Retirement Lodgeessendon north VIC 3041
  • Trevi Courtessendon north VIC 3041

essendon north Vets

  • Moonee Valley Vet Clinicessendon north VIC 3041

Find out How Much your House is Worth in essendon north

Request a free market Basic Report for essendon north to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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