Essendon shows mixed investment signals that warrant careful consideration. The 2.3% vacancy rate in Essendon suggests some softness in rental demand, which warrants careful consideration.
Price growth of -4.2% over the past 12 months is below the national average, suggesting limited capital growth momentum. Rental yields of 4.1% are below the national average, affecting income return potential. New dwelling approvals in the area have increased, which may moderate price growth as additional supply enters the market.
PropTime's composite model scores Essendon at 21/100. Investors should conduct thorough due diligence and consider the full 15-factor breakdown available with a free account.
Essendon is particularly suited to cashflow-focused investors. The 4.1% rental yield is near the national average, offering solid income potential.
Based on PropTime's analysis of 15 demand and supply indicators, Essendon scores 21/100 — a Avoid signal. Key indicators include a 2.3% vacancy rate, 4.1% rental yield, and -4.2% price growth over the past 12 months. Create a free PropTime account to see the complete 15-factor breakdown and cashflow calculator pre-filled with Essendon data.
The current vacancy rate in Essendon is 2.3%. This vacancy rate suggests rental properties may take longer to lease and investors should factor this into their cashflow calculations.
The gross rental yield in Essendon is 4.1%. The Australian national average is approximately 4.5%, so Essendon is below the national average, which means careful attention to purchase price and loan structure is needed to achieve positive cashflow. Use PropTime's free cashflow calculator to model the full weekly cashflow for Essendon.
PropTime's composite model scores Essendon at 21/100 as of May 2026. Price growth of -4.2% over the past 12 months reflects current market conditions. Create a free PropTime account to access the full 15-factor analysis for Essendon.
Essendon scores 21/100 on PropTime. Similar suburbs by score include St Kilda, Dandenong, Box Hill, all within the same VIC market.