Question 1

Is Eynesbury a nice place to live?

Accepted Answer

Eynesbury is a semi-rural pocket on Melbourne’s western fringe with a country-style, estate atmosphere. Large, low-density blocks, newer homes among open paddocks, horse paddocks and pockets of remnant bushland give it a spacious, village-like feel anchored by the historic Eynesbury Homestead. The community of 2,838 has a median age of 35 and is weighted towards couple families with children; most dwellings are owner-occupied. Everyday shopping and services are found in neighbouring towns, and most residents travel by car to work and amenities.

Local facilities include the council-run Eynesbury Discovery Centre, and a recreation reserve whose Stage 1 aims to deliver a pavilion, sporting oval, courts, cricket nets and a playground. A new public bus route now links Eynesbury with Melton station and a connector road to neighbouring corridors is set to improve access. That mix of space, outdoor life and basic community facilities will appeal to buyers or renters after room and privacy; whether it suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Eynesbury?

Accepted Answer

On the figures for Eynesbury, a median house price of $635,000 works out to about 4.7 times a typical local household's annual income at the last Census (weekly income $2,609 × 52 = $135,668). The average house rent of $450 a week would take roughly 17.3% of a typical household's weekly income as recorded at the most recent Census.

Put simply, renting here looks a modest share of local incomes at the last Census, while buying sits somewhat above those incomes; which measure matters most depends on whether you plan to rent or buy.

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 Eynesbury a good place to invest?

Accepted Answer

Over the past 12 months the house market in Eynesbury softened: median house values fell 7.6% while house rents declined 2.2%. The decline in values was notably larger than the fall in rents, so capital value eased more than rental income did over the year. Whether that pattern fits your investment goals depends on what you want from a property.

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	$635K	N/A
Change in value Past 12 months	-7.6%	N/A
Sold Past 3 months	23	N/A
Median days on market Past 12 months	45	N/A
Average rent Past 12 months	$450	N/A
Change in rent Past 12 months	-2.2%	N/A

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