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Suburb Insights ยท VIC 3040

Essendon 3040, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Essendon is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 21,240, making it a sizeable community. Located approximately 8 km from the Melbourne CBD, Essendon is a middle ring area in Victoria. The median household income is $110,864 AUD per year (ABS 2021 Census).

Investment Score

80 / 100 Good

Strong household incomes in Essendon underpin solid property demand. The short commute to the city centre is a key demand driver.

Location

Map shows Essendon, Victoria, Australia.

Key Indicators

Postcode
3040

Official Australia Post postcode for Essendon. A postcode may cover multiple suburbs.

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Population
21,240

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$380/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$110,864/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
8 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
5

Estimated 5 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
8

Estimated 8 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,275/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
41% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Essendon's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $380/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,275/month. A median household income of $110,864/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

Essendon's established location and strong demographics make it well-suited to a long-term buy-and-hold strategy.

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Rental Yield

Expect competitive but not exceptional rental returns in Essendon's current market.

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Renovation / Flip

Essendon's established market and growing population make it a viable location for value-add renovations.

Risk Factors

Run the numbers on a Essendon property

Full Property Analysis

30-year projections for Essendon

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Strong

Essendon enters 2026 with positive growth momentum, supported by strong local demographics and sustained demand. Strong rental fundamentals in Essendon provide a reliable income base for investment properties. Confidence in Essendon's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Essendon a good suburb for investment?

Essendon is a middle ring area in Victoria with a population of 21,240. The median rent is $380/week and the median household income is $110,864/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Essendon?

Key demand drivers in Essendon include established amenities and transport access. 41% of dwellings are separate houses. The area has approximately 5 schools and 8 parks nearby.

What is the population of Essendon?

According to the ABS 2021 Census, Essendon has a population of approximately 21,240. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Essendon from the Melbourne CBD?

Essendon is approximately 8 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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