Eagle Point
A median age of 59 puts Eagle Point 19 years above the national figure, making it one of Victoria's most distinctly retired communities. Only 1,306 residents occupy 18 square kilometres along the Gippsland Lakes, and a 20.8% vacancy rate signals many dwellings serve as holiday retreats rather than primary residences. The median house price reached $614,500 as of April-June 2024, up 170.7% from $227,000 in 2013, a compound annual growth rate of 7.4% over 14 years. Household income sits in just the 25.9th percentile nationally, reflecting the retirement demographic rather than economic distress.
Population
1,306
Median Age
59.0
Household IncomeiMedian weekly household income (ABS Census)
$1,209/wk
DAs (12 months)iDevelopment Applications lodged in the past year
4
Median House
$614K
Apr-Jun 2024
The $614,500 median house price represents a 170.7% gain from $227,000 in 2013, with a CAGR of 7.4% over 14 years. The peak reached $675,000 in January-March 2024, so the current price sits 9.0% below that recent high, offering buyers a modest entry discount compared to peak. Stock is overwhelmingly separate houses at 95.3%, with 37.1% of dwellings having four or more bedrooms and 45.7% having three, meaning most of the market suits families or buyers seeking space rather than low-maintenance living. Monthly mortgage repayments average $1,456, and mortgage-to-income is 27.8%, below the 30% stress threshold. Outright owners account for 57.6% of households, well above national averages, consistent with a settled, debt-free owner base.
For Buyers
The $614,500 median house price represents a 170.7% gain from $227,000 in 2013, with a CAGR of 7.4% over 14 years. The peak reached $675,000 in January-March 2024, so the current price sits 9.0% below that recent high, offering buyers a modest entry discount compared to peak. Stock is overwhelmingly separate houses at 95.3%, with 37.1% of dwellings having four or more bedrooms and 45.7% having three, meaning most of the market suits families or buyers seeking space rather than low-maintenance living. Monthly mortgage repayments average $1,456, and mortgage-to-income is 27.8%, below the 30% stress threshold. Outright owners account for 57.6% of households, well above national averages, consistent with a settled, debt-free owner base.
For Investors
Eagle Point's rental market is thin, with only 11.4% of dwellings rented compared to a typical suburban average closer to 30%. Weekly rent averages $310, which against the $614,500 median implies a gross yield around 2.6%, below most investment benchmarks. The 20.8% vacancy rate is the standout risk signal: more than 1 in 5 dwellings sits unoccupied at any given time, reflecting holiday-home demand rather than a stable tenant base. Development activity is subdued, with just 4 applications lodged in the past 12 months, all subdivision works. The 7.4% CAGR over 14 years shows sustained long-run capital growth, making Eagle Point more suitable for patient, capital-growth investors than yield-focused landlords.
Development Activity
Total DAs
6
Last 12 Months
4
YoY ChangeiYear-over-year change in DA lodgements
—
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Eagle Point iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Eagle Point Primary School
Prep-6 · 170 students
Demographics
Eagle Point's median age of 59 is 19 years above the national figure, one of the largest age gaps you will find in Victoria. The community is Anglo-leaning, with English (615), Scottish (189) and Irish (143) the leading ancestries, and overseas-born residents at 14.6% are 7 percentage points below the national rate. University qualification rates at 21.9% run 8.2 points below national, consistent with a trade and services workforce that retired in place. Average household size is 2.2, slightly below the national figure of 2.5, and 52.9% of families are couples without children, nearly double the national share. The volunteering rate of 21.5% is high, indicating an engaged and community-connected older population.
Age Distribution
Bedrooms
Dwelling Structure
95.3%
Houses
2.6%
Townhouse
0.5%
Apartment
Tenure
Separate houses dominate at 95.3%, among the most detached-dominant profiles in regional Victoria. The tenure picture reflects long-term ownership: 57.6% own outright and only 31.1% carry a mortgage, while renters make up just 11.4%. From a trough of $227,000 in 2013, prices have grown at a 7.4% compound annual rate to reach $614,500 in April-June 2024, a 170.7% cumulative gain. Bedroom sizes skew large, with 37.1% of homes at four or more bedrooms and 45.7% at three bedrooms, higher than typical for a community this size. The 20.8% vacancy rate stands well above national norms because a significant share of dwellings serve as weekenders and holiday homes rather than permanent residences.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,456
Rent / wk
$310
HH Size
2.2
Personal Income / wk
$599
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
20.8%
Unoccupied
143
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
25.6%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
27.8%
Community Profile
Ancestry
Household Composition
52.9%
Couples, no children
992
Total families
Economy & Employment
Healthcare leads local employment at 18.9% (67 workers), followed by Education at 14.1% and Construction at 10.4%, a profile shaped by public sector employment in nearby Bairnsdale. The participation rate of 41.4% is low compared to the national figure of roughly 66%, because the majority-retired population means 593 residents are not in the labour force at all. Unemployment sits at 3.7% among those who do participate, close to the national rate. Professionals (102 workers) and Community/Personal service workers (70) lead by occupation, with Managers (68) third. Full-time employment runs at 57.8% of employed residents, broadly in line with national norms, indicating that those who do work are in substantive roles rather than casual positions.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
57.8%
Part-time
38.5%
Participation
41.4%
Employed
467
Occupations
Top Industries
University
21.9%
Postgraduate
4.6%
Born Overseas
14.6%
Dwellings
549
Transport to Work
Car dependence is near-total at 93.1% driving to work, higher than most Victorian suburbs, which reflects the rural Gippsland Lakes setting with limited public transport infrastructure. Only 2.2% walk or cycle to work. Crime totals 67 reported incidents, giving a rate of 51.3 per 1,000 residents. The top categories are justice procedures offences (23), crimes against the person (18) and property and deception offences (18), modest figures for a community its size. No schools are recorded within the Eagle Point boundary in this dataset, so families rely on facilities in neighbouring Bairnsdale. Rent-to-income at 25.6% and mortgage-to-income at 27.8% both stay below the 30% stress threshold, meaning housing costs are manageable relative to local incomes.
Drive
93.1%
Public Transport
N/A
Walk / Cycle
2.2%
Work from Home
N/A
Safety & Crime
Total Offences
67
Year ending June 2024
Rate per 1,000 People
51.3
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Eagle Point compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Eagle Point a good suburb to live in?
Eagle Point suits retirees and lifestyle buyers seeking space at the Gippsland Lakes. The median age of 59 is 19 years above the national figure, outright ownership reaches 57.6%, and housing costs stay below stress thresholds with mortgage-to-income at 27.8%. The main trade-offs are minimal public transport and no schools recorded within the suburb boundary.
What is the median house price in Eagle Point?
The median house price is $614,500 as of April-June 2024, down 9.0% from the peak of $675,000 in January-March 2024. Long-run growth has been strong at a 7.4% compound annual rate from $227,000 in 2013, a 170.7% cumulative gain over 14 years.
What schools are in Eagle Point?
No schools are recorded inside the Eagle Point boundary in this dataset. The suburb's low population of 1,306 and rural setting mean families typically rely on schools in nearby Bairnsdale, which serves as the main regional centre for the East Gippsland area.
Is Eagle Point safe?
Eagle Point recorded 67 total incidents, a rate of 51.3 per 1,000 residents. The main categories are justice procedures offences (23 incidents), crimes against the person (18) and property offences (18). For a small rural community of 1,306 people, these are modest raw numbers, though the per-1,000 rate is elevated by the low permanent population.
Is Eagle Point good for property investment?
The 7.4% CAGR over 14 years shows solid long-run capital growth, but the 20.8% vacancy rate and thin rental pool of just 11.4% renters make yield-focused investment challenging. Weekly rent of $310 against a $614,500 median implies a gross yield around 2.6%, below most investor benchmarks. It suits patient, capital-growth investors more than landlords seeking consistent rental income.
How is Eagle Point's population changing?
Population stands at 1,306 across 18 square kilometres, giving a density of 72.2 per km2, well below state and national suburban averages. The community is stable rather than growing, with 73.3% of residents staying at the same address over 5 years and only 4 development applications lodged in the past 12 months, all subdivision works with no new dwellings recorded.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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