Eaglemont

An assessment of population growth drivers in Eaglemont reveals an overall ranking slightly below national averages considering recent, and medium term trends

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Eaglemont's population is estimated at around 4,378 as of Feb 2026. This reflects an increase of 418 people (10.6%) since the 2021 Census, which reported a population of 3,960 people. The change is inferred from the resident population of 4,131, estimated by AreaSearch following examination of the latest ERP data release by the ABS on Jun 2024 and an additional 28 validated new addresses since the Census date. This level of population equates to a density ratio of 1,981 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. The suburb of Eaglemont's 10.6% growth since the 2021 census exceeded the SA3 area (8.1%), along with the national average, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 90.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the VIC State Government's Regional/LGA projections released in 2023 with adjustments made 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 at population projections moving forward, a significant population increase in the top quartile of Australian statistical areas is forecast, with the suburb of Eaglemont expected to increase by 1,380 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 25.9% in total over the 17 years.

AreaSearch assessment of residential development drivers sees a low level of activity in Eaglemont, placing the area among the bottom 25% of areas assessed nationally

AreaSearch analysis of ABS building approval numbers indicates Eaglemont has received around 16 dwelling approvals per year on average over the past five financial years, totalling approximately 81 homes. In FY2026 so far, 12 approvals have been recorded. The area has experienced population decline, suggesting new supply has kept pace with demand, offering good choice to buyers. New properties are constructed at an average expected construction cost value of $1,442,000, indicating developers target the premium market segment with higher-end properties.

This financial year, $534,000 in commercial approvals have been registered, suggesting minimal commercial development activity. Compared to Greater Melbourne, Eaglemont records about 59% of building activity per person and ranks among the 48th percentile nationally when measured by areas assessed, resulting in relatively constrained buyer choice and supporting interest in existing dwellings. New building activity comprises approximately 56.0% standalone homes and 44.0% townhouses or apartments, marking a significant shift from current housing patterns of 78.0% houses, suggesting diminishing developable land availability and responding to evolving lifestyle preferences and housing affordability needs. With around 343 people per dwelling approval, Eaglemont shows a developing market.

AreaSearch's latest quarterly estimate projects Eaglemont's population to grow by 1,133 residents through to 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Eaglemont has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 18 projects likely to impact the area. Notable ones include Austin Hospital Emergency Department Expansion, The Austin Heidelberg, Heidelberg Structure Plan Implementation, and Bell Street Mall Neighbourhood Activity Centre Masterplan. Relevant details are provided below.

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

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AreaSearch analysis of employment trends sees Eaglemont performing better than 90% of local markets assessed across Australia

Eaglemont has a highly educated workforce with strong representation in professional services. The unemployment rate is 1.7%, with an estimated employment growth of 1%. By December 2025, 2,449 residents are employed at an unemployment rate of 3.0%, below Greater Melbourne's 4.8%.

Workforce participation is similar to Greater Melbourne's 71.3%. Notably, 44.5% of residents work from home, potentially influenced by Covid-19 lockdowns. Key employment sectors include health care & social assistance, professional & technical services, and education & training. Professional & technical services show a high concentration with levels at 1.5 times the regional average, while transport, postal & warehousing has lower representation at 2.1% compared to the regional average of 5.2%.

Between December 2024 and December 2025, employment levels increased by 1.0%, labour force grew by 1.4%, resulting in a rise in unemployment by 0.4 percentage points. In contrast, Greater Melbourne saw employment rise by 2.4% during the same period. Jobs and Skills Australia's national employment forecasts from May-25 project overall employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Eaglemont's employment mix suggests local employment should increase by 7.4% over five years and 15.0% over ten years, though these estimates are simple extrapolations for illustrative purposes and do not account for localised population projections.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

As per AreaSearch's latest postcode level ATO data released on 30 June 2023 for financial year 2023, the suburb of Eaglemont's median income among taxpayers is $63,611. The average income in Eaglemont was $100,415 during this period. This places Eaglemont in the top percentile nationally. In comparison, Greater Melbourne had a median income of $57,688 and an average income of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Eaglemont's median income would be approximately $68,859 as of September 2025, with the average estimated to be around $108,699 during this period. From the 2021 Census, household incomes in Eaglemont ranked at the 95th percentile nationally. Family incomes also ranked highly, placing Eaglemont at the 93rd percentile nationally. Personal incomes in Eaglemont were at the 94th percentile nationally. The earnings profile shows that 35.9% of residents (1,571 people) earn over $4000 weekly, which is higher than regional trends where 32.8% fall within the $1,500 - 2,999 range. Notably, 48.8% of Eaglemont's residents exceed $3000 weekly earnings, indicating strong purchasing power within the community. After housing costs, residents in Eaglemont retain 89.4% of their income on average. This reflects strong purchasing power and is consistent with the area's SEIFA income ranking, which places it in the 10th decile nationally.

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

As per the latest Census evaluation in Eaglemont, 78.5% of dwellings were houses with the remaining 21.4% being semi-detached homes, apartments, or other types. In contrast, Melbourne metro had 67.9% houses and 32.1% other dwellings. Home ownership in Eaglemont stood at 50%, with mortgaged properties at 29.6% and rented ones at 20.4%. The median monthly mortgage repayment was $3,073, higher than Melbourne metro's average of $2,000. The median weekly rent in Eaglemont was $453 compared to Melbourne metro's $390. Nationally, Eaglemont's mortgage repayments were significantly higher at $3,073 versus Australia's average of $1,863, while rents were substantially above the national figure of $375.

Eaglemont features high concentrations of family households, with a higher-than-average median household size

Family households constitute 78.9% of all households, including 39.6% couples with children, 31.3% couples without children, and 7.2% single parent families. Non-family households account for the remaining 21.1%, with lone person households at 18.6% and group households comprising 2.7%. The median household size is 2.7 people, larger than the Greater Melbourne average of 2.6.

Educational achievement in Eaglemont places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Educational attainment in Eaglemont is notably high, with 53.9% of residents aged 15 and above holding university qualifications. This figure exceeds the national average of 30.4% and the SA4 region's average of 32.8%. Bachelor degrees are the most common at 33.8%, followed by postgraduate qualifications (14.9%) and graduate diplomas (5.2%). Vocational pathways account for 18.3% of qualifications among those aged 15 and above, with advanced diplomas making up 8.8% and certificates 9.5%.

Educational participation is high, with 29.4% of residents currently enrolled in formal education. This includes 9.5% in secondary education, 8.2% in tertiary education, and 7.8% pursuing primary education.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Eaglemont has eight active public transport stops, all serving buses. These stops are covered by two routes that together facilitate 1,318 weekly passenger trips. Residents enjoy good transport accessibility, with an average distance of 320 meters to the nearest stop. Most residents commute outwards from this mainly residential area. Cars remain the primary mode of transport at 82%, followed by trains at 8% and walking at 6%. The average vehicle ownership is 1.6 per dwelling, higher than the regional norm.

According to the 2021 Census, a significant 44.5% of residents work from home, which may be influenced by COVID-19 conditions. Across all routes, service frequency averages 188 trips daily, equating to approximately 164 weekly trips per individual stop.

Eaglemont's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Eaglemont's health outcomes show excellent results based on AreaSearch's assessment of mortality rates and chronic condition prevalence, with very low prevalence across all age groups. Private health cover is exceptionally high at approximately 66% of the total population (2,904 people), compared to 56.7% in Greater Melbourne and a national average of 55.7%. The most common medical conditions are arthritis and asthma, affecting 7.9% and 7.1% of residents respectively.

A total of 71.9% of residents report being completely clear of medical ailments, compared to 72.6% in Greater Melbourne. Eaglemont has a higher proportion of seniors aged 65 and over at 25.8% (1,129 people), compared to 15.1% in Greater Melbourne. Health outcomes among seniors are strong and align with national rankings for the general population.

The level of cultural diversity witnessed in Eaglemont was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Eaglemont's population showed higher cultural diversity than most local markets, with 22.6% born overseas and 20.1% speaking languages other than English at home. Christianity was the predominant religion in Eaglemont, accounting for 56.0%, compared to 43.0% in Greater Melbourne. The top three ancestry groups were English (21.9%), Australian (18.4%), and Italian (13.5%), with Italians being significantly more represented than the regional average of 5.2%.

Notable differences existed for Greeks (Eaglemont: 4.4%, regionally: 2.7%), Macedonians (Eaglemont: 1.0%, regionally: 0.7%), and Sri Lankans (Eaglemont: 0.6%, regionally: 0.8%).

Eaglemont hosts an older demographic, ranking in the top quartile nationwide

The median age in Eaglemont is 46 years, which is notably higher than Greater Melbourne's average of 37 years and also exceeds the Australian median of 38 years. Compared to Greater Melbourne, Eaglemont has a notably higher proportion of individuals aged 65-74 (13.3% locally) but a lower proportion of those aged 25-34 (10.1%). Between the 2021 Census and now, the population aged 75 to 84 has grown from 6.4% to 9.5%, while the 55 to 64 age group has declined from 15.7% to 13.6%. By 2041, Eaglemont's population is projected to undergo substantial demographic changes. The 75 to 84 age cohort is expected to grow significantly by 279 people (67%), from 415 to 695 individuals. This aging population trend is evident, with those aged 65 and above comprising 55% of the projected growth. In contrast, the 0 to 4 age group shows minimal growth of just 7%, an increase of only 10 people.