Essendon North Tops List for Rental Yield in Investor Survey

Essendon North has claimed the top spot for rental yield in the city, according to new property market data released for the July 2026 quarter.

The findings land at a time when local investors are facing increased mortgage costs and tighter rental stock, making yield a crucial calculation for those eyeing the market. With interest in secure, income-heavy investments up, suburbs with stronger returns have jumped into focus.

Rental Returns Outpace Surrounds

Positioned just east of Mt Alexander Road and bordering the leafy avenues of Bulla Road, Essendon North’s rental scene has quietly surged. Long-time landmarks like Cross Keys Reserve and popular café Kaffeine & Co have given the area added cachet among young professionals and renters seeking an easy commute and suburban tranquillity. Investors have taken note: several blocks along Bradshaw Street and Hoffmans Road have seen rapid tenant turnover, especially in new low-rise developments targeting renters priced out of Essendon’s central core.

Rental properties in Essendon North delivered a gross yield of 4.7% for the year ending June 2026, based on recent data from CityEdge Property Analytics. The median weekly rent registered at $565 as of 30 June, compared with a median sale price for units of $625,000. In the broader Essendon region, yields hovered between 3.6% and 4.1%, making Essendon North’s above-average return a standout for value-driven purchasers. Local letting agencies, including Pennisi Real Estate on Keilor Road, report waiting lists for family-sized townhomes near schools such as St John Bosco’s Primary.

What Investors Should Watch Next

Essendon North’s current performance has prompted renewed attention from first-time and established investors alike. While ongoing infrastructure work along Mt Alexander Road presents some short-term disruption, improvements to tram connections and cycleways are set for completion by December, likely to hold appeal for incoming tenants.

For investors considering entry, the City of Moonee Valley’s recent zoning review could see additional townhouse projects in pocket-sized precincts near Lincoln Park. Analysts recommend watching vacancy rates closely and targeting properties with off-street parking, a consistently high-demand feature in the suburb. With the region’s rental demand showing no signs of cooling and new amenities on the way, Essendon North’s investor spotlight is expected to stay bright well into the next leasing cycle.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.