Question 1

Is Eaglemont a nice place to live?

Accepted Answer

Eaglemont is a small, leafy north-eastern suburb set on a gentle ridge, largely residential and defined by mature trees, garden-fronted streets and sizeable blocks. Character homes from the Federation and interwar eras sit alongside sympathetic contemporary renovations. The community of 3,960 people has a median age of 46 and a median household income of $2,866 a week. Couple families dominate the mix (49.6% with children and 40.9% without), and almost 80% of homes are owner-occupied with around one in five households renting. This profile shapes a settled, village-like atmosphere that appeals to established families and professionals rather than those seeking a busy commercial centre.

Everyday life is supported by Eaglemont station on the Hurstbridge line and easy access to Ivanhoe and Heidelberg for cafes, shops and schools, while local parks and walking routes give a green backdrop. Planned local works include accessibility upgrades at the station, advocacy for a public toilet, improved pathways at the tennis club and investigation of community meeting spaces and leisure centre upgrades. Whether that mix suits you comes down to what you want in a suburb.

Question 2

Is it expensive to live in Eaglemont?

Accepted Answer

For renters in Eaglemont, house rents average $850 a week and unit rents about $550 a week. Against a typical local household income of $2,866 a week at the last Census, a house rent would take about 29.7% of that income (just under a third), a moderate share, while a unit rent would take about 19.2% of income, a modest share. On these figures, renting a unit sits noticeably easier against local household incomes at the last Census than renting a house.

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 Eaglemont a good place to invest?

Accepted Answer

The most notable movements in Eaglemont over the past 12 months are in property values. Unit values climbed 21.2%, a strong rise, while house values increased 15.2%, also a strong gain, so units outpaced houses on price growth this year.

On the rental side, house rents rose 8.3% over the year, a solid increase, so if rental income is your focus that house-rent figure is the relevant one. For houses specifically, price growth exceeded rent growth over the period, and whether that balance suits your investment goals and circumstances is for you to judge.

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	15.2%	21.2%
Sold Past 3 months	8	1
Median days on market Past 12 months	45	N/A
Average rent Past 12 months	$850	$550
Change in rent Past 12 months	8.3%	N/A

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