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Eaglemont

POSTAL CODE: VIC, 3084
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EAGLEMONT, 3084 ranks 1020th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,530,000.

The upward trend in home prices in EAGLEMONT, 3084 averaged 1.44% per annum over a 3-year period.

Average weekly rents on listings have reached the $850 mark, reflecting a 1.75% increase in returns based on the current median price in EAGLEMONT.

An average of 4.33 real estate transactions take place per month in EAGLEMONT which translates to 52 per annum.

52 properties were sold in EAGLEMONT in 2016, making it the 176th most active market in VIC based on total real estate transactions.

EAGLEMONT, 3084 places 497th in Australia based on median property value growth during the quarter.

Surburb overview

Eaglemont, located approximately 10 kilometres northeast of Melbourne's Central Business District, is an established suburb of Banyule, Victoria. As of the 2021 census, it had 3,960 residents.

The suburb is renowned for its historical significance and architectural heritage. In the late 19th century, Eaglemont became a focal point for the Heidelberg School of artists, including Arthur Streeton and Tom Roberts, who were drawn to its picturesque landscapes.

In the early 20th century, architects Walter Burley Griffin and Marion Mahony Griffin designed the Glenard and Mount Eagle Estates in Eaglemont, incorporating garden suburb principles with curvilinear streets and communal parklands.

Today, Eaglemont is characterised by its leafy streets, heritage-listed homes, and a strong sense of community. The Eaglemont Village shopping strip offers a variety of local amenities, including cafes, specialty shops, and essential services.

Public transportation is accessible via the Eaglemont railway station on the Hurstbridge line, which provides convenient connections to Melbourne's city centre. The suburb also has several parks and walking trails, contributing to its tranquil atmosphere.

Eaglemont's combination of historical charm, architectural significance, and natural beauty makes it a highly sought-after residential area in Melbourne's northeast.

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