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 in June 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, 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 statistical areas across the nation is forecast, with the suburb of Eaglemont expected to expand by 1,395 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 26.6% 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 in Eaglemont shows approximately 16 dwelling approvals per year over the past five financial years, totalling around 80 homes. As of FY-26, 12 approvals have been recorded. The average number of new residents per year per dwelling constructed between FY-21 and FY-25 is zero. This indicates that new supply is keeping pace with or exceeding demand, offering ample buyer choice and capacity for population growth beyond current forecasts.

The average construction value of dwellings is $1,442,000, suggesting developers are targeting the premium market segment. In FY-26, commercial approvals amount to $534,000, indicating minimal commercial development activity. Compared to Greater Melbourne, Eaglemont records approximately 59% of building activity per person and ranks among the 48th percentile nationally in terms of assessed areas. This results in relatively constrained buyer choice, supporting interest in existing dwellings.

New building activity comprises about 56.0% standalone homes and 44.0% townhouses or apartments, marking a significant shift from the current housing pattern of 78.0% houses. This suggests diminishing developable land availability and responds to evolving lifestyle preferences and housing affordability needs. Eaglemont has around 343 people per dwelling approval, indicating a developing market. According to AreaSearch's latest quarterly estimate, Eaglemont is expected to grow by approximately 1,163 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 impacting the area. Key projects include Austin Hospital Emergency Department Expansion, The Austin Heidelberg, Heidelberg Structure Plan Implementation, and Bell Street Mall Neighbourhood Activity Centre Masterplan. Below is a list detailing those 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 representation in professional services. Its unemployment rate was 1.6% as of the past year, based on AreaSearch's aggregation of statistical area data. As of September 2025, 2,434 residents were employed while the unemployment rate was 3.1% lower than Greater Melbourne's rate of 4.7%.

Workforce participation was similar to Greater Melbourne's 71.0%. According to Census responses, 44.5% of residents worked from home as of September 2025, though Covid-19 lockdown impacts should be considered. Employment among residents is concentrated in health care & social assistance, professional & technical services, and education & training. The area shows notable concentration in professional & technical services with employment levels at 1.5 times the regional average.

Conversely, transport, postal & warehousing shows lower representation at 2.1% versus the regional average of 5.2%. The predominantly residential area offers limited local employment opportunities as indicated by the count of Census working population vs resident population. Between September 2024 and September 2025, employment levels increased by 0.2%, labour force increased by 0.4%, resulting in an unemployment rise of 0.2 percentage points. In contrast, Greater Melbourne saw employment rise by 3.0%, the labour force grow by 3.3%, and unemployment rise by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Eaglemont. These projections estimate national employment growth at 6.6% over five years and 13.7% over ten years, with varying rates across industry sectors. 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.

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 for financial year ending June 2023, Eaglemont suburb has a median income among taxpayers of $63,611 and an average of $100,415. Nationally, these figures place Eaglemont in the top percentile. Compared to Greater Melbourne's median of $57,688 and average of $75,164, Eaglemont's incomes are higher. Based on Wage Price Index growth of 8.25% from financial year ending June 2023 to September 2025, estimated median income would be approximately $68,859 and average income $108,699. According to the Census conducted in August 2021, household, family, and personal incomes in Eaglemont rank between the 88th and 95th percentiles nationally. The earnings profile shows that 35.9% of residents (1,571 people) fall within the $4000+ bracket, unlike regional trends where 32.8% fall within the $1,500 - 2,999 range. Higher earners represent a substantial presence with 48.8% exceeding $3,000 weekly. After housing costs, residents retain 89.4% of 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

In Eaglemont, as per the latest Census evaluation, 78.5% of dwellings were houses, with the remaining 21.4% being semi-detached homes, apartments, or other types. In contrast, Melbourne metropolitan area had 67.9% houses and 32.1% other dwellings. Home ownership in Eaglemont stood at 50%, 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's average of $2,000. Median weekly rent in Eaglemont was $453, compared to Melbourne's $390. Nationally, Eaglemont's mortgage repayments were significantly higher at $3,073 versus 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 account for 78.9% of all households, consisting of 39.6% couples with children, 31.3% couples without children, and 7.2% single parent families. Non-family households constitute 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, which is greater 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 higher than national averages. Specifically, 53.9% of residents aged 15 years and above have university qualifications, compared to the Australian average of 30.4%. This figure also surpasses the SA4 region's average of 32.8%. University graduates make up the largest portion at 33.8%, followed by postgraduate degree holders at 14.9% and graduate diploma holders at 5.2%.

Vocational qualifications account for 18.3% of residents aged 15 years and above, with advanced diplomas making up 8.8% and certificates 9.5%. Educational participation is high in Eaglemont, with 29.4% of residents currently enrolled in formal education programs. 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 serving a mix of bus routes. These stops collectively facilitate 1,318 weekly passenger trips across two individual routes. Transport accessibility is rated good with residents typically located 320 meters from the nearest stop. In this predominantly residential area, most commuters travel outward using private cars (82%), while 8% use trains and 6% walk. The average vehicle ownership per dwelling is 1.6, exceeding the regional norm. According to the 2021 Census, a high 44.5% of residents work from home, potentially influenced by COVID-19 conditions.

Service frequency averages 188 trips daily across all routes, 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. The area has a very low prevalence of common health conditions across all age groups. Private health cover is exceptionally high at approximately 66% of the total population (2,904 people), compared to Greater Melbourne's 56.7% and the national average of 55.7%.

The most prevalent medical conditions are arthritis and asthma, affecting 7.9% and 7.1% of residents respectively. A significant majority, 71.9%, report being completely free from medical ailments, compared to Greater Melbourne's 72.6%. Eaglemont has a higher proportion of seniors aged 65 and over at 25.7% (1,125 people), compared to Greater Melbourne's 15.1%. Despite this, health outcomes among seniors are broadly in line with the general population, ranking nationally on par with the overall 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 was found to be more culturally diverse than most local markets, with 22.6% born overseas and 20.1% speaking a language other than English at home. Christianity is the predominant religion in Eaglemont, comprising 56.0%, compared to 43.0% across Greater Melbourne. The top three ancestry groups in Eaglemont are English (21.9%), Australian (18.4%), and Italian (13.5%), significantly higher than regional averages of 27.6%, 18.3%, and 5.2%, respectively.

Notably, Greek (4.4%) is overrepresented compared to the region's average of 2.7%. Macedonian (1.0%) and Sri Lankan (0.6%) groups also have higher representation than regional averages of 0.7% and 0.8%, respectively.

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 (13.2%) and a lower proportion of those aged 25-34 (10.0%). Between the 2021 Census and the present, the population aged 75 to 84 has grown from 6.4% to 9.5%, while the percentage of those aged 55 to 64 has declined from 15.7% to 13.7%. Population forecasts for 2041 indicate significant demographic changes in Eaglemont, with the 75 to 84 age cohort projected to grow by 280 people (67%), from 415 to 696. This growth is part of a broader trend of an aging population, with those aged 65 and above comprising 55% of the projected growth. In contrast, the 0 to 4 age cohort is projected to show minimal growth, increasing by just 8%, or 11 people.