FairSquare analyses every Australian suburb for property investors — score, yield, risk and a full investment verdict.
FairSquare's model rates Essendon, Victoria 7.0 out of 10 (Steady Buy) as of May 2026.
Essendon offers a steady buy opportunity fueled by its desirable inner-ring location, 9km from the CBD, which drives robust demand and contributed to a 10.5% annual capital appreciation. Critically low supply levels and an exceptionally tight 1.2% vacancy rate underpin sustained rental strength and future growth prospects for this high-value market. The market has started re-rating this location — 12-month growth of +10.5% puts it ahead of the broader Victoria median. Depth of owner-occupier demand creates a reliable price floor through cycle downturns.
The median price is derived, not estimated. Every number on this page traces back to the model's proprietary yield surface — calibrated for each part of the country and resolved against distance from CBD. The price falls out of the formula.
Inputs for this suburb sit at the top of our calibration tier. The model is not guessing.
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Unlock 9 signals — A$25 →FairSquare's model rates Essendon, Victoria 7.0 out of 10 (Steady Buy) as of May 2026. Essendon offers a steady buy opportunity fueled by its desirable inner-ring location, 9km from the CBD, which drives robust demand and contributed to a 10.5% annual capital appreciation. Critically low supply levels and an exceptionally tight 1.2% vacancy rate underpin sustained rental strength and future growth prospects for this high-value market.
The median house price in Essendon, VIC is $1.73M. Weekly rent of $750 against a 2.3% gross yield underpins this figure.
Essendon has a gross rental yield of 2.3%, with a median weekly rent of $750. 12-month price growth is tracking at +10.5%.
Based on its market signals, Essendon aligns with: Growth Play, Defensive Hold, Long Hold.