Suburb Profile Report for Eaglemont VIC (3084)

Eaglemont House: Median price $1,851,000, Annual capital growth 8.84%, Number of sales 44, Weekly median advertised rent $555

Eaglemont Unit: Median price $717,500, Annual capital growth 7.41%, Number of sales 20, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Eaglemont has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.24%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Eaglemont has increased when compared to the 5 year average annual rate.

Property buyers and investors in Eaglemont 3084 should be seeing an average reduction in asking price of around -11.69% . This means that Eaglemont is holding prices well when compared to other suburbs in VIC.

Eaglemont is 601th on a list of best yielding suburbs for rents in VIC with a 1.56% return

If you compare the increase in value of investment property in Eaglemont, 3084 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -3.20%.

Eaglemont,3084 has offered an average of -3.20% return per annum in house price rises to property investors over the last three years.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 2.75%, without taking into account capital value appreciation, which has been averaging out at 7.41%.

Metrics i HOUSE UNIT
$1,851,000 $717,500
1.70% 12.11%
9.24% -3.20%
8.84% 7.41%
$555 $380
44 20
1.56% 2.75%
87.26 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 3926
Median household income ($/weekly) 2146
Median age of persons 42
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 495 12.6
    25-34 years 354 9.0
    35-44 years 469 11.9
    45-54 years 655 16.7
    55-64 years 596 15.2
    Others 1358 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 1707 56.2
    Not Married 1175 38.7
    Defacto Relationship 158 5.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3001 78.5
    Croatia 51 1.3
    Japan 130 3.4
    United Kingdom 168 4.4
    Other 106 2.8
    Others 366 9.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 1.3
    Christianity 2526 69.1
    Hinduism 41 1.1
    Islam 27 0.7
    No Religion 996 27.3
    Others 16 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 134 11.0
    $2,000-$2,499 119 9.8
    $2,500-$2,999 170 13.9
    $3,000-$3,499 133 10.9
    $4,000 or more 161 13.2
    Others 502 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1231 39.5
    Not in the labour force 938 30.1
    Employed, worked part-time 762 24.4
    Employed, away from work 110 3.5
    Unemployed, looking for work 78 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 374 17.8
    Professionals 801 38.2
    Community & personal service workers 144 6.9
    Clerical & administrative workers 293 14.0
    Sales 207 9.9
    Others 277 13.2
    Occupation
    Census Count Percent(%)
    Pre-school 82 7.4
    Infants/Primary 331 29.7
    Secondary 309 27.8
    Technical or Further Educational Institution 61 5.5
    University or other Tertiary Institutions 301 27.0
    Others 29 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3343 88.4
    Flat, unit or apartment 325 8.6
    Semi-detached, row or terrace house, townhouse 113 3.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 645 48.1
    Being purchased 421 31.4
    Rented 273 20.3
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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