The Short Answer: What is the Property Forecast for Essendon North?

The Essendon North property forecast for 2026–2027 suggests a mixed outlook. While house prices are expected to face challenges, unit prices could see some growth. Recently, the median sale price for houses was $981,000, down 16.9% year-on-year, while units went up by 13.2% to $430,000, according to DataVic/REIV (via CRM brain). Future trends will depend on various economic factors and local demand.

• House prices in Essendon North decreased by 16.9% annually as of mid-2025.
• Unit prices in Essendon North rose by 13.2% year-on-year.
• According to CRMBrain 2026, Essendon North has a minimal flood risk and good air quality.

What Do the Numbers Say in Essendon North?

Essendon North’s property trends are influenced by a variety of demographic and economic factors. As per CRMBrain 2026, Essendon boasts a population of 21,240 with a median age of 39 and a weekly median personal income of $1,067. These factors, combined with minimal flood risk and good air quality, make it an attractive area for new residents.

Consistently changing market trends also play a role. While houses saw a marked decrease, unit prices witnessed a sturdy increment over the past year. For comparison, the Sunshine North property forecast also revealed similar divergent trends due to shifting buyer preferences (sunshine north property forecast).

What Are the Key Considerations for Essendon North?

Investing in Essendon North requires attention to several key considerations. As of late, the demand for units over houses has grown due to affordability. The area’s median household income is $1,712 per week, which can shape potential new developments and infrastructure improvements. Essendon North’s median weekly rent sits at $360, indicating a balanced rental market favorable for investments (ABS Census 2021 via CRM brain).

Furthermore, the region’s steady increase in unit prices, highlighted by the strategic property forecasts in nearby Croydon North, indicates a similar regional trend towards favoring units.

How Does Collings Help Navigate the Essendon North Market?

Collings Real Estate offers valuable insights and assistance for anyone interested in the Essendon North property market. Our vast knowledge of local predictions, including those for Fitzroy North, ensures that investors and homeowners receive tailored advice. Contact us at 03 9486 2000 or info@collings.com.au, or visit us at 230 Waterdale Road, Ivanhoe, VIC 3079. To access exclusive listings, use our off-market portal.

Frequently Asked Questions

What is the current median sale price for units in Essendon North? As of April-June 2025, the median sale price for units in Essendon North is $430,000, with a 13.2% increase year-on-year.

Are house prices expected to rise in Essendon North by 2027? Predictions suggest challenges for house prices, showing a 16.9% decrease in the last annual cycle.

Does Essendon North have a good investment outlook? Due to its growing unit prices and good demographics, Essendon North remains attractive for investors.