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Suburb Insights ยท VIC 3041

Essendon North 3041, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Essendon North is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 3,071, making it a boutique locality. Located approximately 10 km from the Melbourne CBD, Essendon North is a middle ring area in Victoria. The median household income is $89,024 AUD per year (ABS 2021 Census).

Investment Score

70 / 100 Good

Moderate income levels in Essendon North indicate steady rental demand from working households. Close CBD access strengthens tenant appeal and resale value.

Location

Map shows Essendon North, Victoria, Australia.

Key Indicators

Postcode
3041

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

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Population
3,071

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

ABS Census Data โ†’
Median Rent (weekly)
$360/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
$89,024/yr

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

ABS Census Data โ†’
Distance to CBD
10 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
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,000/mo

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

ABS Census Data โ†’
Dwelling Type
27% 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 North'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 $360/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,000/month. The median household income of $89,024/year reflects a solid demographic, supporting sustainable rental demand. With only 27% separate houses, Essendon North has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Essendon North is a natural candidate for patient investors.

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Rental Yield

Rental yields in Essendon North are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Limited buyer depth in Essendon North makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Essendon North property

Full Property Analysis

30-year projections for Essendon North

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Essendon North is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Tenants in Essendon North have options โ€” presenting well-maintained properties is key to minimising vacancy. Confidence in Essendon North's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Essendon North a good suburb for investment?

Essendon North is a middle ring area in Victoria with a population of 3,071. The median rent is $360/week and the median household income is $89,024/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 North?

Key demand drivers in Essendon North include established amenities and transport access. 27% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Essendon North?

According to the ABS 2021 Census, Essendon North has a population of approximately 3,071. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Essendon North from the Melbourne CBD?

Essendon North is approximately 10 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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