Endeavour Hills suburb profile
Endeavour Hills is a family-oriented suburb located approximately 31km southeast of Melbourne's CBD, known for its rolling hills and lush greenery. The suburb offers a peaceful residential environment with a strong sense of community, making it popular among families and retirees. Endeavour Hills boasts a variety of amenities, including shopping centres, schools, and recreational facilities, such as the Endeavour Hills Leisure Centre. With its abundance of parks and walking trails, residents enjoy an active outdoor lifestyle. The suburb's convenient access to major roads and public transport links ensures connectivity to the broader Melbourne area.
Endeavour Hills property market performance
Endeavour Hills has experienced modest growth in its property market over the past 12 months. House values have increased by 1.9%, with the median house price now at $792,500, while unit values have remained stable at $612,500. This stability in unit prices suggests a balanced demand between property types.
Sales activity has been active, with 60 houses and 12 units sold in the past three months. Houses are selling relatively quickly, with a median of 29 days on the market, while units are moving even faster at 19 days, indicating strong buyer interest in both sectors.
The rental market in Endeavour Hills has seen significant growth, with house rents increasing by 14% and unit rents by 13% over the last 12 months, reflecting a robust demand for rental properties in the area.
Median price - houses$795KPast 3 months
Median price - units$619KPast 3 months
Change in value - houses2.5%12 months
Change in value - units-1.4%12 months
Houses sold59Past 3 months
Units sold10Past 3 months
Median DOM - houses26.5Past 12 months
Median DOM - units19Past 12 months
Average rent - houses$580Past 12 months
Average rent - units$525Past 12 months
Change in rent - houses11.5%Past 12 months
Change in rent - units14.1%Past 12 months
Endeavour Hills demographics
Endeavour Hills, located in Melbourne's southeastern suburbs, is a family-friendly area known for its green spaces and community-oriented lifestyle. With a population of 24,455, the suburb offers a peaceful environment while still being within reach of the city's amenities. The median age of 39 suggests a mature community, with many families and long-term residents enjoying the suburb's balance of suburban tranquility and urban convenience.
The suburb is predominantly composed of family households, with 51% being couple families with children, reflecting its appeal to those seeking a nurturing environment for raising a family. Additionally, 32.5% of households are couple families without children, indicating a significant number of residents who appreciate the suburb's serene atmosphere. One-parent families make up 15.2% of the community, adding to the diversity of family structures in the area.
Property ownership in Endeavour Hills is strong, with 37.9% of homes owned outright and 43.1% owned with a mortgage. This high level of ownership underscores the suburb's stability and attractiveness to those looking to invest in a long-term home. Only 19% of properties are rented, which is relatively low compared to more transient urban areas, highlighting the suburb's appeal to those seeking a permanent residence. With its family-friendly vibe, ample green spaces, and strong sense of community, Endeavour Hills is a desirable location for those looking to settle down in a welcoming and stable environment.
Endeavour Hills infrastructure, key developments and investment opportunities
Endeavour Hills is experiencing some notable developments that may impact its property market. The Endeavour Hills Shopping Centre recently underwent a $7 million refurbishment, enhancing local retail amenities and potentially boosting surrounding property values. Additionally, upgrades to local parks and recreational facilities, including improvements to Frog Hollow Reserve, are enhancing livability for residents.
The suburb's proximity to major transport routes like the Monash Freeway continues to be a key selling point. While there are no major new infrastructure projects currently underway, ongoing maintenance and minor upgrades to local roads and community facilities are helping to maintain Endeavour Hills' appeal as a family-friendly suburb. The area's established schools and green spaces remain attractive features for potential homebuyers.
Endeavour Hills rental market trends
The rental market in Endeavour Hills is experiencing robust growth, with house rents increasing 14% over the past year to $570 per week, while unit rents have risen 13% to $520 per week. This suburb's appeal is bolstered by its family-friendly environment and proximity to essential amenities, making it an attractive option for both renters and investors seeking stable returns.
Suburbs near Endeavour Hills
Some popular suburbs near Endeavour Hills include: