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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
-6.9%N/A
Sold
Past 3 months
5N/A
Median days on market
Past 12 months
99N/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.

Suburbs near Eildon

Some popular suburbs near Eildon include:

  • Alexandra: Known for its charming rural atmosphere and historical significance, Alexandra is located to the southwest of Eildon.
  • Mansfield: A gateway to the Victorian High Country, Mansfield offers a vibrant community and is situated to the northeast of Eildon.
  • Buxton: Renowned for its natural beauty and outdoor activities, Buxton lies to the south of Eildon.
  • Merton: Known for its pastoral landscapes and tranquil setting, Merton is located to the northwest of Eildon.
  • Marysville: Famous for its scenic views and proximity to natural attractions, Marysville is situated to the southeast of Eildon.

How does Eildon compare to nearby suburbs?

  • Median house prices: Eildon’s median house price is 19.3% lower than Alexandra’s.
  • House price growth: Property prices in nearby Alexandra have risen 2.7% more than in Eildon over the past year.
  • Selling speed for houses: Properties in Eildon are selling 43.4% faster than in Marysville.

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 87.5% 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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