Eagle Point is a small community in Victoria within the East Gippsland local government area (postcode 3878). With a population of 1,306, the suburb has an older demographic with a median age of 59. Households earn a median income of $63K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Eagle Point is $570,000, having grown strongly 7.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.6%. 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.
From an investment perspective, Eagle Point offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($570K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +7.5% year-on-year.
Eagle Point is a small community in Victoria within the East Gippsland local government area (postcode 3878). With a population of 1,306, the suburb has an older demographic with a median age of 59. Households earn a median income of $63K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Eagle Point is $570,000, having grown strongly 7.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.6%. 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.
From an investment perspective, Eagle Point offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($570K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +7.5% year-on-year.