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Eaglemont, VIC 3084

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Eaglemont, VIC 3084 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Eaglemont, VIC 3084”

  1. The total adult population (15 years or older) of Eaglemont 3084 VIC is 3,345, with a median age of 46. Of those, 57.28% are married, 6.13% are divorced or separated, 32.80% are single and 3.83% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $13,892. The median monthly mortgage repayment for households in this suburb is $3,073 which is 22.12% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria, the suburb of Eaglemont 3084 hosts approximately 1737 households. As of Q3 2023, typical house prices stand at $2,107,447 and command a median weekly rent of $656. This equates to an indicative yield of approximately 1.62%, which falls below the investor-attractive 3% mark.

    The area possesses strong socio-economic merit, with an impressive IRSAD score of 1144 out of 1217. This suggests that the residents of Eaglemont enjoy significant economic resources, higher income levels, and potentially, many are engaged in skilled professions.

    Balancing the renter-owner landscape, Eaglemont presents an optimised renter to owner ratio of 20%. Ideal for mitigating rental competition and maintaining a neighbourhood attractiveness, this low ratio can reflect favourably on long-term investment returns. The units to houses ratio is also commendatory at 14%, further reinforcing the favourable rental market conditions by limiting oversupply and competition.

    However, the affordability index stands at 59 years for the suburb, hinting at an expensive property market, slightly harder for the average buyer to break into, based on general affordability indicators.

    Looking at the supply metrics, the stock on market percentage for houses (0.35%) indicates low supply, which can be favourable, suggesting a higher demand. Concurrently, a healthy inventory level of about 1.41 months implies a relatively fast-paced market where listed properties sell quickly. The building approvals ratio for houses stands at a favourable 0.95%, indicating a fairly controlled influx of new real estate supply onto the market.

    With regard to demand, Eaglemont property listings spend only 26 days on the market on average, suggesting robust demand and a hot property market. The vacancy rate, encompassing both units and houses, stands at a moderate 1.45%, implying a relatively high occupancy and demand for properties in the area. The buy search index for houses, which sits at 4, is within a neutral range, advocating a possibly steady demand.

    While individual metric interpretations are noteworthy, understanding the overall trend and composite scores, such as HtAG’s RCS, can provide a more encompassing understanding of the property market performance. Despite some metrics not meeting standard investor attractiveness, a majority of the favourable trends suggest Eaglemont as an area to watch for potential opportunities.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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