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Eynesbury, VIC 3338

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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 Eynesbury, VIC 3338 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 

2BR

3BR

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5BR

Rent 

2BR

3BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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3BR

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 “Eynesbury, VIC 3338”

  1. The total adult population (15 years or older) of Eynesbury 3338 VIC is 2,011, with a median age of 35. Of those, 62.90% are married, 9.00% are divorced or separated, 26.85% are single and 1.54% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $10,928. The median monthly mortgage repayment for households in this suburb is $1,939 which is 17.74% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Eynesbury, postcode 3338, is nestled in Victoria and is home to approximately 1922 households. As for property statistics as of Q3 2023, the typical price for houses in Eynesbury 3338 stands at an attractive $740,990. The median weekly rent is priced at $425, generating an indicative yield of 2.98%, which is slightly below the attractive market requirement of 3% for cashflow-driven property investors.

    Socio-economically, the suburb boasts an IRSAD score of 1059 out of 1217 indicating a healthy socio-economic status among its inhabitants. Keeping in view the investor preference for lower renter to owner ratios, Eynesbury surges ahead with only 8% rental properties ensuring a stable and home-owning crowd populating the neighbourhood. Moreover, the suburb follows a housing trend with units to houses ratio at 0%.

    Investors should be pleased with the affordability index in Eynesbury, which totals 27 years. This highlights a high level of affordability in the property market here. In the supply metrics, Eynesbury presents favourable conditions with the stock on the market for houses at a low 0.36%, and an inventory level for houses resting at 2.0 months. The building approvals ratio, however, is substantially high at 39.02% indicating more upcoming properties.

    Days on Market or DoM, for houses in Eynesbury is calculated to be 36 days, underlining that the property market stays active with properties selling reasonably quickly. Nonetheless, the suburb experiences a higher vacancy rate of 8.64% suggesting a low demand in terms of rental property occupants. The buy search index for houses is recorded at 4, depicting a moderate demand from potential buyers.

    In summary, Eynesbury presents a mix of favourable and neutral conditions for property investment with robust socio-economic conditions, strong affordability and lower supply. However, understanding the trend of these metrics is crucial and investors are encouraged to look at the dashboard provided along with this commentary for a graphical representation of these trends. Metrics like the Relative Composite Score (RCS) by HtAG analytics can provide a holistic view considering each these factors.

    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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