Suburb Profile Report for Eagle Point VIC (3878)

Eagle Point House: Median price $300,000, Annual capital growth 4.35%, Number of sales 27, Weekly median advertised rent $330

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

With a capital gain of 13.21% for the last 12 months, Eagle Point, 3878 has performed for property investments than its average annual 4.35% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Eagle Point has given property investors a paper return of 7.14%. This puts Suburb as 32 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Eagle Point is giving property investors an average Vendor Discount of around -4.89%. This puts suburb at number 509th in VIC when ranking the most discounted suburbs.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 5.72%, without taking into account capital value appreciation, which has been averaging out at 4.35%.

Metrics i HOUSE UNIT
$300,000 N/A
7.14% N/A
13.21% N/A
4.35% N/A
$330 N/A
27 N/A
5.72% N/A
88.8947368421053 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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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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