Essendon North

Essendon North, VIC 3041, with a population of 3071 residents, showcases a demographic mix with significant numbers in the age groups of 20 to 24 years and 45 to 64 years. The suburb offers various commuting options, predominantly by motor vehicle and train. The suburb has a low social housing ratio and a high median household income weekly of $1,712. Additionally, the area has an ICSEA percentile of 88.0 for government schools, indicating educational advantage for students. For property investors interested in Houses, Essendon North presents a suburb with moderate property prices and relatively stable market conditions. The high rental price median and yield signal a potentially good rental market. Investors may find opportunities in renovating properties given the high Sale Price IQR Ratio, indicating variability in sale prices. For those inclined towards Units, the suburb offers good rental yields and a market absorption rate above 20%, suggesting potential for capital growth. The suburb's positive median growth for Units further reinforces an optimistic investment outlook. Essendon North, VIC 3041, is a suburb characterised by a mix of age demographics, high-income households, and quality education opportunities. For potential residents, the area provides access to various commuting options and a low social housing ratio. Investors exploring the suburb can find opportunities in both Houses and Units, with indications of stable property prices and promising rental market conditions. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022