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Suburb Insights ยท VIC 3040

Essendon West 3040, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Essendon West is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 1,559, making it a boutique locality. Located approximately 10 km from the Melbourne CBD, Essendon West is a middle ring area in Victoria. The median household income is $121,576 AUD per year (ABS 2021 Census).

Investment Score

73 / 100 Good

Above-average earnings in Essendon West support sustained property values. The short commute to the city centre is a key demand driver.

Location

Map shows Essendon West, Victoria, Australia.

Key Indicators

Postcode
3040

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

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Population
1,559

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

ABS Census Data โ†’
Median Rent (weekly)
$450/wk

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

State Rental Authority โ†’
Median Household Income
$121,576/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)
$2,682/mo

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

ABS Census Data โ†’
Dwelling Type
62% 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 West'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 $450/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,682/month. A median household income of $121,576/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

Solid fundamentals in Essendon West support capital growth over a medium to long hold period.

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Rental Yield

Essendon West's rental market favours investors seeking yield โ€” occupancy rates are typically strong in this area.

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Renovation / Flip

The resale market in Essendon West may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Essendon West property

Full Property Analysis

30-year projections for Essendon West

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

The outlook for capital growth in Essendon West is encouraging heading into 2026, driven by constrained supply and buyer competition. The rental market in Essendon West should see steady occupancy, with moderate upward pressure on rents. Overall, investor sentiment toward Essendon West is positive, backed by solid fundamentals.

Frequently Asked Questions

Is Essendon West a good suburb for investment?

Essendon West is a middle ring area in Victoria with a population of 1,559. The median rent is $450/week and the median household income is $121,576/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 West?

Key demand drivers in Essendon West include established amenities and transport access. 62% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Essendon West?

According to the ABS 2021 Census, Essendon West has a population of approximately 1,559. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Essendon West from the Melbourne CBD?

Essendon West 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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