Essendon scores 7.6/10 — Melbourne’s established inner-northwest blue chip. High entry prices and moderate yields are offset by exceptional stability, school zone premiums and consistent long-term capital growth.
Essendon Investment Snapshot
| Metric | Houses | Units |
|---|---|---|
| Median Price | $1.63M | $615k |
| Gross Yield | 2.4% | 3.9% |
| 5-Year Growth | +33% | +18% |
| Vacancy Rate | 1.6% | 2.0% |
| Auction Clearance | 72% | 65% |
Why 7.6/10?
- School zones: Essendon North Primary, Essendon High — significant catchment premiums
- Essendon station (Craigieburn and Upfield lines) plus multiple tram routes
- Long average hold periods, low distressed selling, consistent vendor demand
Risks
- 2.4% house yield is below investment-grade for cash flow investors
- Some units near the airport flight path have limited owner-occupier appeal
Access off-market opportunities in Essendon: collings.com.au/portal
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