Property prices for sale in Essendon (Victoria)

The price per m² in Essendon has increased strongly during the last 6 months. In October, the average price per m² was $798. In the following month the price per m² increased to $895. The price for the following two months in (December, January) had a considerable increment of 129 %. The price per m² has had a considerable increase of 118 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $968.75 to $1,140 during February, and March.

Based upon to the price in Essendon (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $477,329. During November the price went through a considerable rise reaching $586,937. During the following two months (December, January) the average price had a considerable increase of 152 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 131 % during the last two months.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $889,405 they are 66 % more affordable than the average price for Essendon. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,081,659.

With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $979 / m², with an average $1,155 / m² price in Essendon. The properties with the highest average prices have 2 bedrooms. They are 8 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,127 / m².