Essendon is Melbourne’s premier inner-northwest suburb, combining heritage streetscapes, Moonee Valley Racecourse precinct, direct Tullamarine Freeway access and strong family demand. Rental yield sits below the Melbourne metro average but above inner-east comparables.
Essendon Rental Yield Data 2026
| Property Type | Median Price | Median Weekly Rent | Gross Yield |
|---|---|---|---|
| House | $1,680,000 | $780 | 2.4% |
| Unit/Apartment | $590,000 | $480 | 4.2% |
| Townhouse | $980,000 | $640 | 3.4% |
Is Essendon a Good Rental Investment?
Essendon is primarily a capital growth suburb. Houses at 2.4% yield are not cash flow investments. Units at 4.2% are at Melbourne’s metro average and represent a more viable rental play. The suburb’s position near Melbourne Airport and Essendon Airport industrial corridor provides a stable corporate rental tenant pool for quality units and townhouses.
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Frequently Asked Questions
What is the rental yield in Essendon?
Gross rental yield in Essendon is approximately 2.4% for houses and 4.2% for units in 2026.
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