Essendon

Essendon, VIC 3040, is a vibrant suburb with a population of 21,240. The area has a mix of age groups, predominantly consisting of individuals aged between 20 to 64 years. The suburb offers diverse commuting options with a significant number of residents working from home. In terms of occupations, the suburb has a substantial number of professionals and managers. For house investors, Essendon presents an opportunity for renovation projects due to a high sale price IQR ratio, indicating potential value-add opportunities. On the other hand, unit investors may benefit from the high rental yield and a relatively low vacancy rate, making it an attractive option for those seeking stable rental returns. Essendon, VIC 3040, is a bustling suburb with a strong sense of community and diverse demographics. Investors looking into the area should consider the potential for renovation projects in houses and stable rental returns in units. The suburb's proximity to various amenities and infrastructure further enhances its appeal for both homeowners and investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022