Essendon Property Market Overview (2026)
Essendon sits in the established middle-ring market. Property here commands a premium because the amenity density justifies it — 63 dining venues, 18 schools, and 21 parks within the suburb boundaries.
Population: 20,476 (ABS Census 2021)
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $1.0M–$1.6M | $4,000–$6,400 |
| Unit/Apartment | $500K–$750K | $2,000–$3,000 |
Estimates based on Essendon’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Essendon
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Essendon stacks up:
| Amenity Factor | Essendon | Impact on Value |
|---|---|---|
| Schools | 18 | Strong — school zones drive family demand |
| Parks | 21 | High — green space is a premium driver |
| Dining & Cafes | 63 | High — walkable lifestyle premium |
| Medical | 2 | Gap |
| Supermarkets | 5 | Convenient |
| Gyms & Fitness | 12 | Active lifestyle suburb |
Total amenity score: 143. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
Essendon has 18 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Buckley Park College | 59-99 Cooper Street |
| Pascoe Vale South Primary School | 411-429 Reynard Street |
| Strathmore Secondary College | 400 Pascoe Vale Road |
| Ave Maria College | 16 Vida Street |
| St. Columban’s Missionary Training Society | 69 Woodland Street |
| St Vincent de Paul Primary School | 92-114 Woodland Street |
| Essendon North Primary School | 112 Keilor Road |
| Kangan Batman TAFE Essendon Campus | — |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $350–$460 |
| 2 Bedroom | $480–$620 |
| 3 Bedroom | $620–$850 |
Rental yield estimate: 3.5–4.0% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Essendon
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Essendon are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Essendon Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Essendon
- Best Cafes in Essendon
- Best Bars in Essendon
- Cost of Living in Essendon
- Essendon Neighbourhood Guide
- Family Guide to Essendon
- Is Essendon Safe?
- Essendon Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
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