8A Salisbury Street, Essendon North, Vic 3041
EOI $690,000 - $750,000
2 1 3
Open Saturday 6 June 11:45 amOriginally part of the wider Essendon district, the area transitioned from agricultural land to residential allotments in the early 20th century. It saw significant post-WWII development, characterized by brick veneers and weatherboard homes. The suburb was formally recognized as a distinct entity to manage the growing commercial importance of the Keilor Road precinct.
The suburb is now defined by a sharp contrast between quiet, leafy residential streets and the bustling, high-density Activity Centre along Keilor Road. It attracts a mix of young professionals and established families drawn to its connectivity.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Essendon North acts as the 'engine room' of the area, providing the density and commercial life that supports the broader Moonee Valley region.
$1.15m – $1.65m
$410k – $720k
12-month movement
Current asking rents
The high percentage of units reflects the suburb's role as a high-density corridor, while houses remain tightly held and appreciate steadily.
Price comparison
Median price ÷ median income
Estimated rental yield
While houses are becoming increasingly out of reach for first-home buyers, the unit market remains one of the more accessible entry points in the inner-northwest.
Lower = tighter market
Avg time on market
Annual rental increase
Young professionals, aviation industry workers, and small families.
Strong rental yields for well-located units near the tram line. Capital growth for apartments is secondary to cash flow in this precinct.
Expect steady, moderate growth for houses as they become 'rare assets'. The unit market will likely stabilize as the construction pipeline slows, focusing on larger, owner-occupier style apartments.
vs last 12 months
Relative comparison
Standard urban precautions apply. Secure parking is highly recommended due to high street-parking demand and opportunistic theft.
The primary risks are environmental (noise) and planning-related rather than natural disasters like fire or flood.
Low risk; primarily localized flash flooding in extreme rain events due to urban runoff.
Negligible risk; fully urbanized area.
Premiums may be slightly higher for properties directly under the flight path or those with older heritage structures.
Airport Environs Overlay (AEO), Heritage Overlay (HO), and Design and Development Overlay (DDO).
Keilor Road remains the primary focus for multi-level residential and mixed-use developments.
Zoning determines your ability to renovate or develop; AEO overlays can restrict building heights and require specific acoustic treatments.
Excellent tram access (Route 59) and proximity to the Tullamarine Freeway.
High-tier; Keilor Road offers everything from boutique dining to major supermarkets.
Fair; Allison Park provides a local green space, but larger parks require a short drive.
Top-tier primary options; secondary options are competitive and highly sought after.
Good; numerous GP clinics locally with major hospitals in nearby Parkville.
An evolving demographic with a high proportion of young professionals and a stable base of established families.
The high rental population supports the investment market, while the 25-44 age bracket drives the local cafe and night-life economy.
Focus is on intensifying the Keilor Road corridor with mixed-use residential towers.
Residents love the convenience and 'buzz' of Keilor Road but often complain about the noise from the airport and the difficulty of parking during peak hours.
I can walk to three different supermarkets and ten great cafes in five minutes. The tram is right there for work.
Essendon North Primary is fantastic, but we do have to keep the windows shut during flight training days at the airport.
Getting onto the Tullamarine Freeway at 8:00 AM is a nightmare. Keilor Road is basically a parking lot.
Moving from a big house to a modern apartment here was the best choice. Everything I need is on my doorstep.
I never have trouble finding tenants. The proximity to the airport and CBD makes it a very safe bet for rental income.
The apartment is great, but if I come home after 6 PM, I have to park two streets away because there's no visitor parking.
Position the property as a 'lifestyle gateway' that offers the best of Essendon's amenities at a more competitive price point.
High-yield rental play with low vacancy risk.
Low capital growth in the apartment sector due to high supply; potential for increased body corporate fees in older complexes.
Unbeatable access to food and transport.
Noise from both planes and late-night street activity.
Strict adherence to gas and electrical safety checks every two years is mandatory.
Focus on 'The Keilor Road Lifestyle' and 'Essendon North Primary Zoning'.
Young professional couples and small families looking for their first 'house' purchase.
This report is based on data available as of 2026-03-13. It is intended for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent research and consult with professionals before making any property purchase.
Now
Before
EOI $690,000 - $750,000
2 1 3
Open Saturday 6 June 11:45 am
Auction $680,000 - $720,000
2 1 2
Auction Saturday 20 June 12:30 pm
Reserve - $670,000
2 2 1
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