Suburb Profile Report for Eagle Point VIC (3878)

Eagle Point House: Median price $257,500, Annual capital growth 3.26%, Number of sales 24, Weekly median advertised rent $283

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Eagle Point, 3878 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -23.13%

Eagle Point,3878 was ranked 275 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Eagle Point should be aiming for at least -7.28% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3603 in a list of fastest selling suburbs, Eagle Point is in the bottom 10% of suburbs in Australia with an average of days on market 148.75 for properties listed there.

With the median price for a house in Eagle Point being $257500 and the advertised rent reaching $282.5 the gross rental yield for property investors calculates out to be 5.70%

Metrics i HOUSE UNIT
$257,500 N/A
9.57% N/A
-23.13% N/A
3.26% N/A
$283 N/A
24 N/A
5.70% N/A
148.75 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 737
Median household income ($/weekly) 896
Median age of persons 55
Median housing loan repayment ($/monthly) 1350
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 70 9.5
    35-44 years 72 9.8
    45-54 years 103 14.0
    55-64 years 162 22.0
    65-74 years 141 19.1
    Others 190 25.7
    Age Group
    Census Count Percent(%)
    Registered Married 319 58.7
    Not Married 165 30.4
    Defacto Relationship 59 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 616 87.0
    Greece 12 1.7
    New Zealand 9 1.3
    Papua New Guinea 10 1.4
    United Kingdom 32 4.5
    Others 29 4.1
    Country of Birth
    Census Count Percent(%)
    Christianity 430 65.6
    No Religion 218 33.3
    Buddhism 4 0.6
    Other Religious Groups 3 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 43 17.1
    $600-$799 33 13.1
    $800-$999 28 11.2
    $1,000-$1,249 20 8.0
    $1,500-$1,999 24 9.6
    Others 103 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 301 49.3
    Employed, worked full-time 157 25.7
    Employed, worked part-time 124 20.3
    Employed, away from work 18 2.9
    Unemployed, looking for work 11 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 29 9.9
    Professionals 62 21.2
    Community & personal service workers 37 12.6
    Clerical & administrative workers 43 14.7
    Sales 46 15.7
    Others 76 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 5 4.2
    Infants/Primary 44 37.0
    Secondary 43 36.1
    Technical or Further Educational Institution 13 10.9
    University or other Tertiary Institutions 10 8.4
    Others 4 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 644 96.8
    Flat, unit or apartment 13 2.0
    Caravan, cabin, houseboat 5 0.8
    Semi-detached, row or terrace house, townhouse 3 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 147 50.7
    Being purchased 88 30.3
    Rented 51 17.6
    Other tenure type 4 1.4
    Tenure Type
Census 2011, ABS
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