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Eildon suburb profile

Eildon is a picturesque town in Victoria, nestled in the foothills of the Great Dividing Range, approximately 140km northeast of Melbourne. Known for its stunning natural beauty, Eildon is a popular destination for outdoor enthusiasts, offering activities such as fishing, boating, and hiking around Lake Eildon and the surrounding national parks. The town provides a tranquil retreat with a strong sense of community, attracting both tourists and residents seeking a peaceful lifestyle. Eildon's charming local amenities, scenic landscapes, and recreational opportunities make it a cherished spot for nature lovers and adventure seekers alike.

Eildon property market performance

Eildon's property market has shown minimal activity over the past 12 months. House values have seen a slight increase of 1.2%, while unit values have remained unchanged. Despite this, the median house price and unit price are both reported as $0, indicating a lack of available data or transactions in the area.

Sales activity has been limited, with only 9 houses sold in the past year and no units changing hands. Houses are taking a considerable amount of time to sell, with a median of 108 days on the market, suggesting a slow-moving market.

The rental market in Eildon has also been stagnant, with no reported changes in average rent for houses or units over the last 12 months, further indicating a lack of rental activity in the suburb.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
1.2%N/A
Sold
Past 3 months
9N/A
Median days on market
Past 12 months
108N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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Eildon demographics

Eildon, nestled in the picturesque landscapes of Victoria, is a serene suburb known for its natural beauty and tranquil lifestyle. With a population of just 944, it offers a close-knit community atmosphere that is ideal for those seeking a peaceful retreat from the hustle and bustle of city life. The median age of 56 indicates a mature population, with many residents likely enjoying retirement or a slower pace of life amidst the stunning surroundings of Lake Eildon and the surrounding national parks.

The suburb's housing landscape is characterized by a high rate of outright home ownership, with nearly half of the properties owned outright. This reflects a stable community with long-term residents who have settled in Eildon to enjoy its natural charms. Additionally, 24.8% of properties are owned with a mortgage, while 26% are rented, offering a mix of housing options for both permanent residents and those seeking temporary stays.

Family structures in Eildon are diverse, with 59% of families being couples without children, highlighting the suburb's appeal to retirees and empty nesters. Meanwhile, 21.1% of families are couples with children, and 17.6% are one-parent families, indicating a supportive environment for families of all types. The median household income of $932 per week suggests a modest yet comfortable lifestyle, with residents likely valuing the area's natural beauty and community spirit over urban amenities.

Eildon infrastructure, key developments and investment opportunities

Eildon’s property market is closely tied to its position as a recreational gateway to Lake Eildon and Lake Eildon National Park, with ongoing tourism activity supporting local jobs and underpinning demand for holiday homes and lifestyle properties.[3][4][5] The town’s established amenities, including sporting facilities, walking and cycling tracks, and access to water-based recreation, continue to enhance livability and make the area attractive for both permanent residents and weekenders.[3][5] There are currently no widely reported major new infrastructure, transport, or school developments specific to Eildon that are set to significantly reshape the suburb in the near term.

Local planning remains focused on managing growth within the Shire of Murrindindi framework, preserving the natural environment around Lake Eildon while supporting tourism-related businesses and residential demand.[3][5] As a result, any changes to property values are more likely to reflect broader regional trends, tourism patterns, and buyer appetite for lifestyle and retirement living rather than large-scale infrastructure shocks. At this time, there are no significant new projects or planning changes in Eildon expected to materially alter property market dynamics.

Eildon rental market trends

The rental market in Eildon has remained stable over the past year, with both house and unit rents showing no change, maintaining a median rent of $0 per week. This indicates a lack of rental activity or data in the area, suggesting potential opportunities for future development or investment in this quiet suburb.

Suburbs near Eildon

Some popular suburbs near Eildon include:

How does Eildon compare to nearby suburbs?

  • Median house prices: Eildon’s median house price is 25.3% lower than Alexandra’s.
  • House price growth: Over the past 12 months, house prices in Eildon have grown 6.6% higher than in Alexandra.
  • Selling speed for houses: Properties in Eildon are selling 50.0% faster than in Marysville.

Common questions about Eildon

  • Is Eildon a nice place to live?

    Eildon is a delightful place to live, offering a serene and picturesque environment that is perfect for those who appreciate the beauty of nature and a peaceful lifestyle. Nestled in the foothills of the Great Dividing Range, this charming suburb is known for its stunning landscapes and outdoor recreational opportunities, making it a haven for nature lovers and adventure seekers. The community vibe in Eildon is warm and welcoming, with a strong sense of camaraderie among residents who enjoy the tranquility and slower pace of life away from the hustle and bustle of the city.

    Families will find Eildon to be a supportive and safe environment, with a variety of housing options that cater to different needs. While the suburb may not offer the extensive urban amenities found in larger cities, it compensates with its close-knit community and access to natural attractions like Lake Eildon and the surrounding national parks. These areas provide ample opportunities for outdoor activities such as hiking, fishing, and boating, ensuring that there is always something to do for residents of all ages.

    One of the trade-offs of living in Eildon is the limited availability of new infrastructure and transport developments, which means that residents may need to travel to nearby towns for certain amenities or services. However, this is a small price to pay for the peace and natural beauty that Eildon offers. The suburb's focus on preserving its natural environment and supporting tourism-related businesses ensures that it remains an attractive destination for both permanent residents and weekend visitors. Overall, Eildon is a wonderful place to call home for those seeking a harmonious blend of community spirit and natural splendor.

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  • Is it expensive to live in Eildon?

    Living in Eildon is quite unique when it comes to housing costs, as there is currently no available data on median house or unit prices, nor on rental prices. This suggests that the real estate market in Eildon might be limited or not as active as in other areas, potentially due to its regional location. However, the average weekly wage in Eildon is $932, which aligns with the median total household income, indicating that the cost of living might be manageable for those earning the local average wage.

    Compared to urban areas in Victoria, where housing costs can be significantly higher, Eildon might offer a more affordable lifestyle, especially if housing expenses are minimal or non-existent. This could be appealing if you're looking for a quieter, more rural setting without the hefty price tag associated with city living. However, it's essential to consider other costs such as transportation and amenities, which could vary in a regional town like Eildon.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Eildon a good place to invest?

    Eildon presents a unique investment opportunity for those looking for stability and a slower-paced lifestyle. While the change in median house and unit values over the last 12 months has been modest, with houses seeing a slight increase of 1.2% and units remaining steady, this stability can be appealing for investors seeking a low-risk environment. The rental market has also remained consistent, with no change in rent for both houses and units, suggesting a steady demand for rental properties.

    The charm of Eildon lies in its picturesque setting and appeal as a getaway destination, which could attract long-term renters or buyers looking for a serene lifestyle. The suburb's natural beauty and recreational opportunities, such as fishing and boating on Lake Eildon, make it an attractive location for those seeking a balance between work and leisure. While it may not offer rapid capital growth, Eildon's consistent market performance and lifestyle appeal make it a solid choice for investors looking for a stable, long-term investment.

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Choose the right real estate agents in Eildon

Choosing the right real estate agent in Eildon can have a big impact on your sale. While there are 9 real estate agents working in the suburb, but just 5 of them were responsible for 87.2% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 2.88%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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