Essendon is Melbourne's premier inner-northwest family suburb — a magnificent leafy enclave of substantial Victorian and Edwardian homes where Keilor Road's upscale retail and dining strip, outstanding private school access (Penleigh and Essendon Grammar, Lowther Hall), and the Essendon Airport open-space reserve create an inner-city family lifestyle of exceptional quality. Essendon's strong owner-occupier base (52%), consistent premium auction results, and suburb-wide pride in heritage character deliver one of Melbourne's most reliable long-term capital growth records. At the current $1.6m median house price, an 80% loan at 6.25% over 30 years is about $7,881 per month.
| Median house price | $1,600,000 |
|---|---|
| Median unit price | $800,000 |
| Estimated monthly repayment | $7,881 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5.5% |
| Gross rental yield | 3.5% |
| Typical days on market | 18 |
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