Essendon West

Essendon West, VIC 3040 has a population of 1559 with a diverse age distribution, with a significant number of residents falling in the 5 to 19 years and 45 to 64 years age brackets. The suburb provides various commuting options, with a notable proportion of residents working from home. The median household income is higher than the national average, indicating a relatively affluent community. The suburb offers a mix of occupations, with professionals and managers constituting a substantial part of the workforce. For house investors, Essendon West presents an opportunity for potential renovators given the high sale price IQR ratio, suggesting variation in property prices that might be exploited. On the other hand, the unit market showcases good rental yield and positive median growth trends, which could appeal to investors seeking steady returns. The low vacancy rate in both segments indicates a stable rental market, offering reliability for property investors. Essendon West, VIC 3040, offers a vibrant community with a range of amenities and commuting options. The suburb's property market caters to both house and unit investors, providing opportunities for different investment strategies such as renovation projects for houses and steady rental income for units. With a stable market indicated by low vacancy rates, Essendon West presents potential for long-term investment growth. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022