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, as of Nov 2025, the suburb of Eaglemont's population is estimated at around 4,092. This reflects an increase of 132 people since the 2021 Census, which reported a population of 3,960 people. The change is inferred from the resident population of 4,083, estimated by AreaSearch following examination of the latest ERP data release by the ABS (June 2024), and an additional 26 validated new addresses since the Census date. This level of population equates to a density ratio of 1,851 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Eaglemont's 3.3% growth since census positions it within 1.8 percentage points of the SA3 area (5.1%), demonstrating competitive growth fundamentals. 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, as 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. Anticipating future population dynamics, a significant population increase in the top quartile of national statistical areas is forecast, with the suburb expected to increase by 1,381 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 35.3% 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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Eaglemont averaged around 16 new dwelling approvals annually. Between FY-21 and FY-25, an estimated 82 homes were approved, with 10 more approved in FY-26 so far. Over the past five financial years, there was an average of 0 new residents per year per dwelling constructed.

This indicates that new supply is keeping pace with or exceeding demand, offering ample buyer choice and creating capacity for population growth beyond current forecasts. The average value of new homes being built is $1,442,000, showing that developers are focusing on the premium market with high-end developments. There have also been $105,000 in commercial approvals this financial year, demonstrating the area's residential nature. Relative to Greater Melbourne, Eaglemont shows approximately 60% of the construction activity per person and places among the 45th percentile of areas assessed nationally, resulting in relatively constrained buyer choice, supporting interest in existing homes.

New development consists of 56.0% standalone homes and 44.0% medium and high-density housing, featuring an increasing blend of attached housing types offering choices across price ranges, from spacious family homes to more accessible compact options. This represents a notable shift from the area's existing housing (currently 78.0% houses), indicating decreasing availability of developable sites and reflecting changing lifestyles and the need for more diverse, affordable housing options. With around 374 people per dwelling approval, Eaglemont shows a developed market. Looking ahead, Eaglemont is expected to grow by 1,446 residents through to 2041 (from the latest AreaSearch quarterly estimate). At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

Eaglemont has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

The performance of an area can significantly be influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified 18 projects that are expected to impact the area. Notable projects include Austin Hospital Emergency Department Expansion, The Austin Heidelberg, Heidelberg Structure Plan Implementation, and Bell Street Mall Neighbourhood Activity Centre Masterplan. The following list details those projects likely to be most relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

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 professional services representation. Its unemployment rate is 1.5% as of June 2025, lower than Greater Melbourne's 4.6%.

Employment growth over the past year was estimated at 1.3%. Workforce participation in Eaglemont is similar to Greater Melbourne's 64.1%. Key employment sectors are health care & social assistance, professional & technical services, and education & training. The area specializes in professional & technical services with an employment share of 1.5 times the regional level.

Conversely, transport, postal & warehousing has lower representation at 2.1% compared to the regional average of 5.2%. Employment opportunities locally may be limited as indicated by the count of Census working population vs resident population. Over the 12 months to June 2025, employment increased by 1.3% while labour force increased by 1.4%, keeping unemployment relatively stable at 3.2%. In comparison, Greater Melbourne saw employment grow by 3.5%, labour force expand by 4.0%, and unemployment rise by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 project national 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.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

Eaglemont had a median taxpayer income of $63,618 and an average income of $100,415 in financial year 2022, according to postcode level ATO data aggregated by AreaSearch. Nationally, these figures are exceptionally high, contrasting with Greater Melbourne's median income of $54,892 and average income of $73,761 during the same period. By September 2025, estimates based on a 12.16% Wage Price Index growth since financial year 2022 would be approximately $71,354 (median) and $112,625 (average). The 2021 Census data shows household, family, and personal incomes in Eaglemont ranking highly nationally, between the 88th and 95th percentiles. Income distribution indicates that 35.9% of residents (1,469 people) fall into the $4,000+ bracket, differing from metropolitan patterns where the $1,500 - $2,999 bracket dominates with 32.8%. Economic strength is evident with 48.8% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. After housing costs, residents retain 89.4% of their income, reflecting strong purchasing power. The area's SEIFA income ranking places it in the 10th decile.

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

Eaglemont's dwelling structures, as per the latest Census, consisted of 78.5% houses and 21.4% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's figures of 76.0% houses and 24.0% other dwellings. Home ownership in Eaglemont was recorded at 50.0%, with mortgaged dwellings at 29.6% and rented ones at 20.4%. The median monthly mortgage repayment in the area was $3,073, higher than Melbourne metro's average of $2,167. The median weekly rent figure for Eaglemont was $453, compared to Melbourne metro's $399. Nationally, Eaglemont's mortgage repayments were significantly higher than the Australian average of $1,863, and 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 comprise the remaining 21.1%, with lone person households at 18.6% and group households making up 2.7%. The median household size is 2.7 people, larger than the Greater Melbourne average of 2.5.

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 higher than national averages. Among residents aged 15 and above, 53.9% have university qualifications, compared to 30.4% nationally and 32.8% in the SA4 region. Bachelor degrees are the most prevalent at 33.8%, followed by postgraduate qualifications (14.9%) and graduate diplomas (5.2%). Vocational pathways account for 18.3% of qualifications, with advanced diplomas at 8.8% and certificates at 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 good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Eaglemont has eight operational public transport stops offering a mix of train and bus services. These are served by three distinct routes, facilitating 1,794 weekly passenger trips in total. The transport accessibility is rated as good, with residents situated an average of 320 meters from the nearest stop.

On average, there are 256 trips daily across all routes, which translates to approximately 224 weekly trips per individual stop.

Eaglemont's residents are extremely healthy with very low prevalence of common health conditions across all age groups

Analysis of health metrics shows strong performance throughout Eaglemont with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 66% of the total population, which comprises 2715 people. This compares to 60.3% across Greater Melbourne and a national average of 55.3%.

The most common medical conditions in the area are arthritis and asthma, impacting 7.9% and 7.1% of residents respectively, while 71.9% of residents declare themselves completely clear of medical ailments compared to 69.3% across Greater Melbourne. Eaglemont has 24.8% of its residents aged 65 and over, which totals 1014 people, higher than the 19.8% in Greater Melbourne. Health outcomes among seniors are particularly strong, performing even better than the general population in health metrics.

Eaglemont was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Eaglemont, surveyed in Jun-Aug 2016, had a higher cultural diversity than most local areas, with 22.6% born overseas and 20.1% speaking non-English languages at home. Christianity was the predominant religion, at 56.0%, compared to Greater Melbourne's 47.1%. Top ancestral groups were English (21.9%), Australian (18.4%), and Italian (13.5%), notably higher than regional averages of 18.1% and 7.7%.

Greek representation was higher at 4.4%, compared to 3.0% regionally, while Macedonian was slightly lower at 1.0% versus 1.1%. Sri Lankan ancestry was also higher at 0.6%, against a regional average of 0.5%.

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

The median age in Eaglemont is 46 years, which is 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 (13.0% locally) but a lower proportion of those aged 25-34 (10.0%). Between the 2021 Census and now, the population aged 75 to 84 has increased from 6.4% to 8.9%, while the 55 to 64 age group has decreased from 15.7% to 13.7%. By 2041, Eaglemont's population is projected to undergo significant demographic changes. The 75 to 84 age cohort is expected to grow by 333 people (92%), from 364 to 698. Those aged 65 and above are projected to comprise 52% of this growth, indicating a clear aging population trend. Conversely, the 0 to 4 age group is projected to show minimal growth, increasing by just 9% (11 people).