Eaglehawk

POSTAL CODE: VIC, 3556

HOUSE

UNIT

EAGLEHAWK, 3556 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling EAGLEHAWK, 3556 values up and netting property investors a capital gain of 13.73% for the past year.

Investors saw the median home price rise to $580,000.

Profits due to an upward trend in home prices in the suburb averaged 4.76% per annum over a 3-year period.

EAGLEHAWK now ranks at the 87th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in EAGLEHAWK are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $500 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In EAGLEHAWK, homes and units usually stay on listing for an average of 42.4 days.

In 2016, 128 properties were sold in EAGLEHAWK during the past year, making it the 640th most active market in VIC based on total real estate transactions.

EAGLEHAWK ranks 78th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

EAGLEHAWK, 3556 has a capital gain of 18.18% for the past year, which is higher than average compared to its 49.91% growth within a five-year period.

EAGLEHAWK, 3556 ranks 375th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.18% for property investors last year.

With the median home price in EAGLEHAWK sitting at $416,000, and the average rent at $420, property owners could potentially earn a 5.25% increase in gross rental yield.

Property investors have seen a 1.16% gain in EAGLEHAWK based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on EAGLEHAWK, 3556 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 18.18%.

A survey of average capital gains or median home price increase in suburbs across the country shows that EAGLEHAWK, 3556 obtained a 8.08% growth over a ten-year period. It ranks 266th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$580,000	$416,000
Growth Report
Median Quarterly	4.5%	1.16%
Median 12 month	13.73%	18.18%
Median 3 years	14.29%	5.32%
Median 5 years	56.76%	49.91%
10 years average annual	7.88%	8.08%
Weekly media advert. rent	$500	$420
Time on Market	42.4 days	N/A
Gross Rental Yield Percent	4.48%	5.25%

Demographics (Median Values)*

Total Population 13085

Weekly Household Income 964

Household Size 2.40

Average Age 38

Monthly Loan Repayment 1257

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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