All About Essendon North, Moonee Valley, VIC, 3041

Essendon North, located within the Moonee Valley region of Victoria, exhibits a dynamic housing market that reflects both its strategic location and community appeal. As of recent reports, the area showcases a robust property environment, with a mix of traditional and contemporary homes, appealing to diverse buyer interests. The median house prices have experienced steady growth, driven by the suburb's appealing attributes such as proximity to Melbourne’s central business district and a well-established transport network. Buyers and investors are drawn to Essendon North due to its high livability ratings and potential for capital appreciation. The local real estate market sees a healthy demand for both family homes and investment properties, highlighting a balanced mix of owner-occupiers and investors seeking long-term gains in a suburb that promises both growth and stability.

Living in Essendon North offers residents a harmonious blend of suburban tranquility and urban convenience. The area is renowned for its leafy streets, good schools, and ample green spaces, which create an inviting and family-friendly atmosphere. Locals enjoy access to a variety of amenities, including shopping precincts, cafes, and recreational facilities that contribute to an engaging community lifestyle. Public transport is readily accessible, with trams and buses providing seamless connectivity to wider Melbourne, making it particularly attractive for professionals commuting to the city. The strong sense of community, combined with an array of lifestyle conveniences and the charm of its residential architecture, makes Essendon North a desirable suburb for families, young professionals, and retirees alike.

Essendon North Real Estate Market Outlook

Thinking about buying in Essendon North? Now could not be a better time, with 2722 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $948,000 with prices in this suburb ranging from $209,000 to $4,256,000. Essendon North is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Essendon North ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Essendon North classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Essendon North requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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