All About Eaglemont, Banyule, VIC, 3084

Eaglemont, a prestigious suburb located within the City of Banyule in Victoria, is characterized by its historic charm and affluent housing market. The area is renowned for its stately period homes, many of which date back to the early 20th century, showcasing stunning examples of Edwardian and Art Deco architecture. This has made Eaglemont a highly sought-after locale, appealing to buyers who appreciate the blend of heritage aesthetics with suburban tranquility. The housing market here tends to attract a relatively affluent demographic, with properties often commanding premium prices due to their architectural significance and the suburb's reputation. Over the years, Eaglemont has maintained a stable market presence, reflecting consistent demand from individuals and families seeking an upscale residential environment with close proximity to Melbourne's central business district.

Living in Eaglemont offers residents a serene and picturesque lifestyle, underscored by lush, tree-lined streets and the presence of several parks and green spaces, such as the nearby Yarra Flats Park. The suburb is celebrated for its strong sense of community, where local events and markets foster neighborhood bonds. Its ideal location provides convenient access to quality schools, boutique shopping in nearby Ivanhoe, and a variety of dining options. Additionally, Eaglemont benefits from excellent public transport links, including its own railway station, making commuting to the city both efficient and enjoyable. For those who value a harmonious blend of suburban peace with urban accessibility, Eaglemont exemplifies the best of both worlds, making it a desirable place to settle down.

Eaglemont Real Estate Market Outlook

Thinking about buying in Eaglemont? Now could not be a better time, with 1960 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,659,000 with prices in this suburb ranging from $484,000 to $12,412,000. The aproximate distance to the coast is 10 Km.

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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