Eaglemont sits in Melbourne’s greater melbourne — a suburb that runs unpretentious, multicultural, value-driven. Here’s what the numbers and the locals actually say about the property and rental situation.
Rental Prices — Eaglemont 2026
| Property Type | Weekly Rent | Monthly | Annual |
|---|---|---|---|
| 1-bedroom unit | $291/wk | $1261/mo | $15,132/yr |
| 2-bedroom unit | $414/wk | $1794/mo | $21,528/yr |
| 3-bedroom house | $514/wk | $2227/mo | $26,728/yr |
Rents in Eaglemont have risen by 3-5% compared to 2025. The vacancy rate sits at 1.7%, which is tight — expect competition for good properties.
Property Prices
| Property Type | Median Price | 12-Month Change |
|---|---|---|
| House | $750,632 | +2.7% |
| Unit/Apartment | $390,188 | +3.1% |
Gross rental yield: 5.1% (units tend to yield higher than houses in Eaglemont).
Who Lives Here
Eaglemont attracts predominantly young professionals and couples. The suburb is known for Eaglemont local shops, community feel, suburban lifestyle.
Average resident profile:
- Age: Predominantly 25-35
- Household: Established families and downsizers
- Income: Around or slightly below metro median
Renting Tips for Eaglemont
Apply fast. Good properties in Eaglemont get 20-40 applications. Have your documents ready: 100 points of ID, recent payslips, rental history, references.
Inspect in person. Photos lie. Check water pressure, phone reception, natural light at the time of day you’d actually be home. Open the cupboards. Flush the toilet.
Look beyond Railway Grove. The main strip commands 10-15% higher rents. One or two blocks back, you get the same proximity for less money.
Know your rights. Victorian tenancy law caps rent increases to once per 12 months. Your landlord must give 60 days notice. Urgent repairs must be addressed within 48 hours (blocked toilet, no hot water, gas leak).
Budget beyond rent. Factor in: utilities ($150-250/month), internet ($70-90/month), contents insurance ($15-25/month), and transport (Public transport options in Eaglemont).
Investment Outlook
Eaglemont is an affordable entry point with long-term potential as Melbourne expands. The 5.1% gross yield is above the metro average.
Key factors:
- Transport: Public transport options in Eaglemont
- Schools: Several well-regarded public and private options
- Infrastructure: Established — no major changes expected
Suburb Character & Lifestyle
Eaglemont runs unpretentious, multicultural, value-driven. The main commercial strip along Railway Grove is where most of the daily life happens — cafes, restaurants, and essential services within walking distance for those who live close. The neighbourhood is known for Eaglemont local shops, community feel, suburban lifestyle, which drives both rental demand and property values.
The housing stock is a mix of Victorian-era terraces, Edwardian cottages, and modern apartment developments. For renters, the most common options are modern townhouses and villa units. For buyers, the entry point is typically a 2-bedroom terrace needing renovation at the lower end of the market.
Transport reality: Public transport options in Eaglemont. The commute to the CBD is realistic for daily workers, and most residents report using a combination of public transport, cycling, and driving depending on the trip.
Cost of Living Snapshot
| Expense | Typical Cost |
|---|---|
| Coffee | $4.00-4.50 |
| Brunch | $15-22 |
| Dinner out | $18-32 pp |
| Pint of beer | $10-12 |
| Cocktail | $15-20 |
| Groceries | $126/wk (couple) |
| Utilities | $195/mo (1br) |
| Internet | $70-90/mo (NBN) |
The Bigger Picture
Eaglemont represents one of the more affordable entry points into the Melbourne market, with new developments expanding housing stock. The suburb is unpretentious, multicultural, value-driven, which attracts investors looking for reliable yield in an improving area.
5-year outlook: Stable — mature market with predictable returns. The fundamentals — location, transport, lifestyle amenity — are strong.
What to watch: Transport upgrades will improve connectivity.
Nearby
- Melbourne CBD Property
- Eaglemont Cost of Living
- Eaglemont Things to Do
- Compare Suburbs
- All Eaglemont Guides
Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.
Keep Exploring
More in this area:
- Community Guide in Eaglemont
- Coworking Guide in Eaglemont
- Council Services in Eaglemont
- Library Guide in Eaglemont
- Playground Guide in Eaglemont
Useful tools:

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