Eaglemont is a compact suburb in Victoria within the Banyule local government area (postcode 3084). With a population of 3,960, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $149K per year, with an average household size of 2.7 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, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Italian.
The median house price in Eaglemont is $2.2 million, having dropped significantly by 13.8% over the past year. Units have a median price of $870,000 (-34% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $3,073.
Public transport access includes 1 rail station, 6 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.3% (low yield). Property prices are above the state median ($2.2M/$875K), placing it in the premium segment. The price-to-income ratio of 14.8x is considered stretched. House prices have moved -13.8% 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.