Located in Victoria within the East Gippsland local government area, Eagle Point is a close-knit residential community (postcode 3878). The area has roughly 1,306 residents and a more retirement-aged population, with a median age of 59. Households earn a median income of $63K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Eagle Point has a median house price of $570,000, which has risen solidly by 7.5% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,456.
Eagle Point is served by 1 school, including 1 primary. The average ICSEA score is 1002, which is around the national average of 1,000. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
On the investment side, Eagle Point shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices sit below the state median ($570K/$875K), which can point to relative value. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +7.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.