Eagle Point

Eagle Point lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

Based on AreaSearch's analysis of ABS population updates and new addresses validated since the 2021 Census, the estimated population of Eagle Point as of May 2026 is around 1,577. This reflects an increase of 271 people (20.8%) compared to the 2021 Census figure of 1,306 people. The change was inferred from AreaSearch's estimation of a resident population of 1,577 following examination of the latest ERP data release by the ABS in June 2025 and an additional 180 validated new addresses since the Census date. This equates to a density ratio of 87 persons per square kilometer, indicating significant space per person and potential room for further development. Eagle Point's growth rate of 20.8% since the 2021 census exceeded that of its SA3 area (2.3%) and the Rest of Vic., positioning it as a growth leader in the region. Interstate migration contributed approximately 83.0% of overall population gains during recent periods, driving this growth.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023, adjusting them employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are also applied across all areas for years 2032 to 2041. Looking ahead, exceptional growth is predicted over the period with the suburb expected to expand by 730 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 46.3% in total over the 16 years.

AreaSearch assessment of residential approval activity sees Eagle Point among the top 30% of areas assessed nationwide

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Eagle Point has averaged approximately 34 new dwelling approvals annually. Over the past five financial years, between FY21 and FY25, around 172 homes were approved, with an additional 38 approved so far in FY26. On average, about 1.9 new residents arrive per year for each new home over these five financial years, indicating balanced supply and demand, stable market conditions, and a focus on quality developments with an average construction value of $393,000, slightly above the regional average.

This financial year has seen $261,000 in commercial approvals, predominantly residential-focused. Compared to Rest of Vic., Eagle Point has 202.0% more construction activity per person, offering buyers greater choice but with development activity moderating recently. Nationally, this activity is substantially higher, suggesting strong developer confidence in the location. New development consists of 95.0% detached houses and 5.0% medium to high-density housing, maintaining Eagle Point's traditional low density character focused on family homes appealing to those seeking space. With around 56 people per dwelling approval, Eagle Point exhibits characteristics of a growth area.

Population forecasts indicate an expected gain of 730 residents through to 2041, based on the latest AreaSearch quarterly estimate. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting population growth beyond current projections.

Eagle Point has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Nine projects identified by AreaSearch are likely to impact the area, significantly influencing its performance due to changes in local infrastructure, major projects, and planning initiatives. Key projects include Eagle Point Lifestyle Estate, Paynesville Water Recycling Facility Storage Expansion, Paynesville Park Estate, and Paynesville Slip Road Maritime Precinct Upgrade. The following list details those most likely to be relevant.

Professional plan users can use the search below to filter and access additional projects.

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Employment performance in Eagle Point has been broadly consistent with national averages

Eagle Point has a skilled workforce with essential services sectors well represented. The unemployment rate was 3.9% in the past year, with an estimated employment growth of 8%. As of December 2025622 residents were employed, with an unemployment rate of 4.1%, slightly higher than Regional Vic.'s 3.7%.

Workforce participation was lower at 45.5% compared to Regional Vic.'s 61.0%. According to Census responses, 15.4% of residents worked from home. Employment is concentrated in health care & social assistance, retail trade, and education & training. The area has a strong specialization in professional & technical services, with an employment share 1.4 times the regional level.

Conversely, agriculture, forestry & fishing shows lower representation at 3.6% compared to the regional average of 7.5%. Over a 12-month period ending in December 2025, employment increased by 8.0%, while the labour force grew by 7.7%, leading to a decrease in unemployment rate by 0.3 percentage points. In contrast, Regional Vic. saw employment contract by 0.6% and the labour force fall by 0.7%. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Eagle Point's employment mix suggests local employment should increase by 6.3% over five years and 13.3% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not consider localised population projections.

Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis

The suburb of Eagle Point had a median taxpayer income of $43,319 and an average income of $54,863 in the financial year 2023, according to postcode level ATO data aggregated by AreaSearch. This is lower than the national average, with Regional Vic.'s median income being $50,954 and average income $62,728. By March 2026, estimates suggest the median income will be approximately $47,486 and the average $60,141, based on a 9.62% growth in wages since financial year 2023. Census data indicates that incomes in Eagle Point fall between the 11th and 14th percentiles nationally for households, families, and individuals. The majority of locals (515 people, or 32.7%) earn between $800 and $1,499, unlike surrounding regions where earnings predominantly fall within the $1,500 to $2,999 range (30.3%). Despite modest housing costs allowing for 88.5% of income to be retained, Eagle Point's total disposable income ranks at only the 19th percentile nationally.

Eagle Point is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

In Eagle Point, as per the most recent Census evaluation, 95.3% of dwellings were houses, with the remaining 4.7% being semi-detached, apartments, or other types. This compares to Regional Vic.'s figures of 90.1% houses and 9.9% other dwellings. Home ownership in Eagle Point stood at 57.8%, with mortgaged dwellings making up 31.1% and rented dwellings 11.2%. The median monthly mortgage repayment was $1,456, surpassing Regional Vic.'s average of $1,430. Meanwhile, the median weekly rent in Eagle Point was $310, compared to Regional Vic.'s $285. Nationally, Eagle Point's mortgage repayments were lower than the Australian average of $1,863, and rents were substantially below the national figure of $375.

Eagle Point has a typical household mix, with a lower-than-average median household size

Family households comprise 72.3% of all households, including 16.4% that are couples with children, 47.2% that are couples without children, and 8.9% that are single parent families. Non-family households make up the remaining 27.7%, with lone person households at 24.0% and group households comprising 2.9%. The median household size is 2.2 people, which is smaller than the Regional Vic. average of 2.4.

Educational outcomes in Eagle Point fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

The area's university qualification rate is 18.9%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 12.4%, followed by postgraduate qualifications (3.3%) and graduate diplomas (3.2%). Vocational credentials are prevalent, with 43.0% of residents aged 15 and above holding them, including advanced diplomas (12.3%) and certificates (30.7%). School and university attendance accounts for 17.7% of the community, comprising 5.9% in primary education, 5.0% in secondary education, and 1.8% pursuing tertiary education.

School and university attendance encompasses 17.7% of the community. This includes 5.9% in primary education, 5.0% in secondary education, and 1.8% pursuing tertiary education.

No public transport data available for this catchment area.

Eagle Point's residents are relatively healthy in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Eagle Point's health metrics are close to national benchmarks, according to AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a standard level of common health conditions seen across both young and old age cohorts.

Approximately 49% (~766 people) have private health cover, which is lower than the national average of 55.7%. The most common medical conditions are arthritis (13.5%) and mental health issues (8.3%). About 57.4% declare themselves completely clear of medical ailments, compared to 63.4% across Regional Vic.. The working-age population faces notable health challenges with elevated chronic condition rates. Eagle Point has 41.5% of residents aged 65 and over (654 people), higher than the 23.9% in Regional Vic.. National rankings are broadly in line with the general population.

Eagle Point is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Eagle Point, surveyed in June 2016, had a low cultural diversity with 85.4% of its population born in Australia, 93.3% being citizens, and 96.9% speaking English only at home. Christianity was the predominant religion, accounting for 46.9%. The 'Other' category comprised 1.0%, slightly higher than Regional Vic's 0.8%.

The top three ancestral groups were English (34.7%), Australian (30.3%), and Scottish (10.7%). Notably, Dutch (1.9%) was overrepresented compared to the regional average of 1.7%, as were Welsh (0.6% vs 0.4%) and German (4.2% vs 3.5%).

Eagle Point ranks among the oldest 10% of areas nationwide

Eagle Point has a median age of 59, which is significantly higher than the Regional Victorian figure of 43 and also notably above the Australian median of 38. Compared to Regional Victoria, Eagle Point has a higher proportion of residents aged 65-74 (22.7%), but fewer residents aged 25-34 (6.1%). This concentration of 65-74 year-olds is well above the national figure of 9.4%. Post-2021 Census data indicates that the 75 to 84 age group has grown from 10.1% to 13.8%, while the 85+ cohort has increased from 3.5% to 5.0%. Conversely, the 55 to 64 cohort has declined from 19.6% to 17.4%, and the 65 to 74 group has dropped from 24.5% to 22.7%. Looking forward to 2041, demographic projections show significant shifts in Eagle Point's age structure, with the 65 to 74 cohort projected to grow by 34%, adding 123 residents to reach a total of 481.