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Eagle Point, VIC 3878

Home » VIC Real Estate Data » East Gippsland Shire, VIC » Eagle Point, VIC 3878

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 Eagle Point, VIC 3878 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 

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Rent 

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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 “Eagle Point, VIC 3878”

  1. The total adult population (15 years or older) of Eagle Point 3878 VIC is 1,171, with a median age of 59. Of those, 55.51% are married, 15.63% are divorced or separated, 22.03% are single and 6.92% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,460. The median monthly mortgage repayment for households in this suburb is $1,456 which is 26.67% of their earnings.

    Source: ABS Census Data (2021)

  2. Eagle Point, the serene suburb in the beautiful state of Victoria, houses about 767 households nestled in its vicinity. The data retrieved in Q3 of 2023 indicates that the typical house prices in Eagle Point are positioned at $582,885. These residences witness a median weekly rent of $453, generating an indicative yield of 4.04%, denoting a favourable market for cashflow-focused investors.

    Eagle Point appears to possess a strong socio-economic framework with an IRSAD score of 956 out of a potential 1217. This robust structure indicates a robust economy with affluent residents, healthy income levels, and high-valued professions. Moreover, the renter to owner ratio sits modestly at 11%, well below the 30% threshold, insinuating a healthier proportion of homeowners than renters.

    The suburb exhibits a particularly low units to houses ratio of 2%, indicating a market dominated by houses over units. This means minimal competition among landlords for tenants, often leading to higher rental yields and attracting families looking for longer occupancy periods.

    However, the suburb’s housing affordability index reads at 42 years, raising concerns over less affordable housing. The stock on market percentage is noted at 0.71%, reflecting a neutral level of housing supply, while the inventory level of 2.5 months represents an absorbent market for new listings.

    Another point worth noting is the null building approvals ratio, implying there are no new residential buildings approved over the past year. This data points to a stagnant or possibly shrinking housing stock, potentially contributing to a rise in property prices in case of growing demand.

    However, the suburb seems to experience low demand with houses remaining on the market for an average of 199 days, which significantly surpasses the 90-day high demand threshold. Furthermore, the combined vacancy rate for houses and units is 3.57%, indicating a neutral demand.

    Lastly, the buy search index of 5 implies that online searches for houses to buy are on par with the state/city average, reflecting a neutral interest from prospective buyers.

    While Eagle Point shows favourable housing and rental yields, the affordability index and days on the market suggest areas for potential concern. It’s crucial to understand the subtleties of the property market landscape, keeping a vigilant eye on changing trends for informed real estate investment decisions. Investors may also employ the Relative Composite Score metric by HtAG Analytics, which combines over 80 metrics to simplify analysis.

    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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