Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Eaglemont ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Eaglemont provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Eaglemont to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Eaglemont we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Eaglemont a better buying opportunity than it may have been in the past.
|UNIT 9, 143 LOCKSLEY RD, EAGLEMONT, VIC, 3084||1||1||1||Private Sale $449,000|
|34 MOUNT EAGLE RD, EAGLEMONT, VIC, 3084||5||4||2||Auction $2,950,000 - $3,245,000|
|7 HOPETOUN GR, EAGLEMONT, VIC, 3084||4||2||2||EOI $2,500,000 - $2,750,000|
|51 BANKSIA ST, EAGLEMONT, VIC, 3084||4||2||2||Private Sale $1,950,000|
None within suburb boundary(While the above schools are located with the suburb of Eaglemont there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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