The Essendon property forecast for 2026–2027 suggests a stabilization after recent fluctuations, with projected modest growth as demand stabilizes. Per DataVic/REIV (via CRM brain) data, house prices have seen a YoY increase of 6.1% despite a recent quarterly dip of 12.9%. Units reflect a downward trend with an 7.8% YoY decline and a quarterly drop of 13.8%.

• Essendon house prices saw a YoY increase of 6.1% despite a recent quarterly drop of 12.9%. [DataVic/REIV]
• Population in Essendon is 21,240 with a median age of 39 and minimal flood risk. [CRMBrain, GeoRisk]
• Average weekly personal income in Essendon is $1,067. [CRMBrain]

What do the numbers say in Essendon?

According to the CRMBrain 2026, Essendon’s population stands at 21,240 with a median age of 39 years. Household data indicates a median weekly income of $1,067, with a median rent at $380 weekly. These economic factors contribute to the local property market dynamics. Furthermore, GeoRisk 2026 highlights that Essendon experiences minimal flood risk, enhancing its attractiveness to potential buyers.

The median sale price for houses in Essendon as of the April-June 2025 quarter was $1.66 million, showing a negative quarterly change of 12.9% but a positive year-on-year increase of 6.1%. In contrast, the unit market shows a less optimistic forecast with a median price of $530k, reflecting both a quarterly and year-on-year decline.

What are the key considerations?

Investing in Essendon requires understanding several critical factors, such as demographic dynamics and environmental conditions. Essendon is free from significant environmental risks such as flooding or air pollution according to GeoRisk 2026 data. These conditions are conducive to a stable property market and may enhance long-term investment prospects.

The balance between demand and supply, particularly for townhouses, is crucial. Doma demand signals indicate a stable buyer demand for townhouses, pointing towards a focused opportunity for investment. Furthermore, the presence of 62 aged-care facilities within 5km signifies a strong community infrastructure which potentially supports property value.

How does Collings help?

Collings Real Estate provides comprehensive property guidance that aligns with current market conditions. Our property strategists can offer deeper insights into property forecasts and trends specific to Essendon. You can speak to a Collings property strategist for expert advice tailored to your investment goals.

Collings also provides exclusive access to off-market properties via our off-market portal, a vital resource for savvy investors.

Furthermore, insights into other suburban forecasts such as the Essendon North property forecast can provide a holistic understanding. Similarly, analyzing areas like the Moorabbin property forecast can help extend strategic investment perspectives.

Frequently asked questions

Get more personalized insights by contacting Collings at 03 9486 2000, or email us at info@collings.com.au. Visit our office at 230 Waterdale Road, Ivanhoe, VIC 3079, for a more comprehensive discussion of your property goals.