Moonee Valley · 3040

Essendon West, VIC

listings tightening 7.0% YoY, population +7.8% (5y).

NextSuburb scoreTier C
44Below trend
Median house
$1.44M
5y growth
4.0%/yr
Gross yield
1.6%
Vacancy
1.3%
Stable but fully pricedLow confidence
Thin marketSmall sample sizes (~12 sales/yr) can distort medians. Treat the score with caution and weight the eight-signal breakdown over the headline number.
Last updated May 2026Next refresh 3 June 2026Informational only — not financial advice

Eight-signal breakdown

Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.

  • Capital growth (5y)4.0%/yr
    40/100
  • Population growth+7.8% (5y)
    78/100
  • Supply tightening-7.0% YoY
    85/100
  • Rental yield1.6%
    33/100
  • Rental demand1.3% vacancy
    68/100
  • Income growth+17.0% (5y)
    68/100
  • Construction pipelineno nearby pipeline
    0/100
  • Affordability4% under cap
    4/100

Why this score

Essendon West scores 44/100 (Below trend). The two strongest signals: 7.8% population growth over five years and 17.0% income growth. The standout watch-out: the median is 96% of a typical budget.

Drivers
  • Supply tightening-7.0% YoY
  • Population growth+7.8% (5y)
  • Income growth+17.0% (5y)
  • Tight rentals1.3%
Risks
  • At top of budget (96% of cap)
  • Thin gross yield (1.6%)

Nearest infrastructure

New Footscray Hospital5.2 km away

Construction · $1.5bn · completion 2026

Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.

Comparable suburbs

Three VIC suburbs in the same budget band with the closest NextSuburb scores.

See the full VIC ranking

60-month score history

Backfilled — live history begins May 2026
354452Jun 21Jun 22Jun 23Jun 24Jun 25May 26

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