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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:

Common questions about Endeavour Hills

  • Is Endeavour Hills a nice place to live?

    Endeavour Hills is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled amidst rolling hills and lush greenery, this suburb provides a peaceful residential setting that is perfect for families and retirees alike. The strong sense of community is palpable, with residents often engaging in local events and activities that foster a welcoming atmosphere. The suburb's charm is further enhanced by its abundance of parks and walking trails, allowing residents to enjoy an active and outdoor lifestyle.

    For those who value convenience, Endeavour Hills does not disappoint. The suburb is well-equipped with a variety of amenities, including shopping centres, schools, and recreational facilities, ensuring that all essential needs are met within close proximity. The recent refurbishment of the Endeavour Hills Shopping Centre has further enhanced the local retail experience, adding to the suburb's appeal. Additionally, the suburb's connectivity to the broader Melbourne area via major roads and public transport links makes commuting a breeze.

    Families will find Endeavour Hills particularly appealing due to its nurturing environment and the availability of established schools. The suburb's green spaces provide ample opportunities for children to play and explore, while the community-oriented lifestyle ensures a safe and supportive setting for raising a family. However, it's worth noting that while Endeavour Hills offers a tranquil suburban lifestyle, it may lack the bustling nightlife and cultural attractions found in more urban areas. Nonetheless, for those seeking a stable and welcoming community with a focus on family living, Endeavour Hills is an excellent choice.

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  • Is it expensive to live in Endeavour Hills?

    Living in Endeavour Hills can be seen as relatively affordable compared to some of Melbourne's more central suburbs. The median house price here is $792,500, which is quite reasonable when you consider the soaring property prices in other parts of the city. Units are even more budget-friendly, with a median price of $612,500, making them an attractive option for those looking to enter the property market or downsize.

    When it comes to renting, the average rent for houses is $570 per week, while units average $520 per week. These rental prices are manageable, especially when compared to the average annual wage in Endeavour Hills, which is around $90,000. This wage is slightly above the average for Victoria, allowing residents to comfortably afford housing costs without stretching their budgets too thin.

    Overall, Endeavour Hills offers a good balance between affordability and lifestyle, making it an appealing choice for those looking to live within reach of Melbourne without the hefty price tag that comes with more central locations. If you're thinking of living in Endeavour Hills, you'll find that it provides a great mix of value and convenience.

    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 Endeavour Hills a good place to invest?

    Endeavour Hills presents a promising opportunity for property investors, particularly those interested in rental income. Over the past year, the suburb has seen a modest increase in median house values by 1.9%, while unit values have remained stable. This stability in property values can be appealing for investors seeking a less volatile market. The real standout, however, is the significant rise in rental prices, with house rents increasing by 14.0% and unit rents by 13.0%. This suggests a strong demand for rental properties, making it an attractive option for those looking to generate steady rental income.

    The suburb's appeal is further enhanced by its family-friendly environment and convenient access to local amenities, which continue to attract renters. While the capital growth in property values may not be as rapid as in some other areas, the consistent demand for rentals indicates a reliable income stream for investors. Endeavour Hills offers a balanced investment opportunity, combining stable property values with impressive rental yield growth, making it a worthwhile consideration for those looking to invest in the real estate market.

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