Essendon North shows mixed investment signals that warrant careful consideration. A vacancy rate of 1.3% in Essendon North indicates a relatively balanced rental market with reasonable tenant demand.
Price growth of 4.2% over the past 12 months is below the national average, suggesting limited capital growth momentum. Rental yields of 4.3% 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 North at 49/100. Investors should conduct thorough due diligence and consider the full 15-factor breakdown available with a free account.
Essendon North shows stronger capital growth indicators than cashflow metrics. The 4.2% price growth and 1.3% vacancy rate suggest Essendon North is better suited to investors with a longer hold horizon seeking capital appreciation.
Based on PropTime's analysis of 15 demand and supply indicators, Essendon North scores 49/100 — a Avoid signal. Key indicators include a 1.3% vacancy rate, 4.3% 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 North data.
The current vacancy rate in Essendon North is 1.3%. This represents a reasonably healthy rental market. Some vacancies exist but tenant demand remains solid.
The gross rental yield in Essendon North is 4.3%. The Australian national average is approximately 4.5%, so Essendon North 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 North.
PropTime's composite model scores Essendon North at 49/100 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 North.
Essendon North scores 49/100 on PropTime. Similar suburbs by score include Melton, Croydon North, Oakleigh South, all within the same VIC market.