Question 1

Is Eagle Point a nice place to live?

Accepted Answer

Eagle Point sits beside the Gippsland Lakes and the Mitchell River, with daily life centred on boating, fishing and lakeside recreation.

It is an older community with couples without children at home and many households owning their homes outright; couple families without children make up 65.3% of families. Local services are modest and complemented by nearby town facilities in Bairnsdale, and weekends commonly centre on the lakes, river, picnic reserves and lakeside walking. The Foreshore Hub, completed, provides an indoor/outdoor events space.

Question 2

Is it expensive to live in Eagle Point?

Accepted Answer

In Eagle Point a typical local household earned about $1,209 a week at the most recent Census. With house rents averaging $530 a week, renting a house would take roughly 44% of that weekly household income. If you're renting rather than buying, that rent share is the figure that matters when judging how expensive the suburb feels to you.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Eagle Point a good place to invest?

Accepted Answer

For houses in Eagle Point, median values rose 3.1% over the past 12 months while median house rents fell 3.6%.

For houses, that means capital growth was modest while rental income declined moderately; the fall in rents was slightly larger in magnitude than the rise in values.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	3.1%	N/A
Sold Past 3 months	7	N/A
Median days on market Past 12 months	85	N/A
Average rent Past 12 months	$530	N/A
Change in rent Past 12 months	-3.6%	N/A

	Suburb	VIC
Median age years	59	38
Median household income weekly	$1,209	$1,759
Couples with children share of families	22.5%	45.5%
Couples without children share of families	65.3%	37.6%
One-parent families share of families	12.1%	15.2%
Homes owned outright share of homes	57.6%	33.2%
Homes with a mortgage share of homes	31.1%	37.3%
Homes rented share of homes	11.4%	29.5%

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