Eagle Point
Suburb profile, market snapshot and recent listings for Eagle Point, VIC 3878.
About Eagle Point
Welcome to Eagle Point
Eagle Point sits on the northern edge of the Gippsland Lakes, in East Gippsland, a few kilometres inland from the busier lakeside town of Paynesville and roughly a three-hour drive east of Melbourne's CBD. It's a small, quiet community built around water views, boating access and a slower pace of life, rather than shops and traffic.
With a population of just over 1,300 and a median age of 59, Eagle Point suits retirees, tree-and-sea-changers and holiday-home buyers far more than young families chasing a busy social calendar. It's the kind of place people move to for the lake, the fishing and the space, and stay for the quiet.
Lifestyle & dining
Life in Eagle Point revolves around the water. The town backs onto the Gippsland Lakes system, with boat ramps, jetties and views over toward Newlands Arm and Raymond Island giving residents easy access to fishing, boating and kayaking without the crowds of the bigger lakeside centres. It's a low-key existence, with most day-to-day socialising, cafes and pubs found a short drive away in Paynesville, which has developed into the area's hub for waterfront dining and casual meals overlooking the lake.
Shopping & getting around
For everyday shopping, groceries and specialty stores, residents typically head into Paynesville, which offers a fuller strip of shops than Eagle Point itself. The larger regional centre of Bairnsdale, with its supermarkets, medical facilities and train link, is also within easy reach for bigger shopping trips or connections further afield.
Eagle Point is a car-dependent community, connected by road to Paynesville, Bairnsdale and on to the Princes Highway network. There's no train station in town, so most residents rely on driving, with Bairnsdale the nearest point to pick up regional bus and rail services toward Melbourne.
Schools & families
Eagle Point Primary School serves the local area, giving younger families in the town a genuine local option for primary schooling without having to travel. Given the suburb's older median age of 59, though, family numbers are relatively modest, and most secondary schooling options are found in Paynesville or Bairnsdale, both a short drive away.
Parks & recreation
The main drawcard here is the Gippsland Lakes themselves, offering swimming, fishing, boating and simply enjoying the water views that define the area. Raymond Island, reachable via a short ferry crossing from Paynesville, adds another outdoor drawcard nearby, known for its koala population and walking tracks, while Newlands Arm offers further quiet waterside scenery close to home.
Housing & architecture
Housing in Eagle Point is understated and low-density, in keeping with the town's small population and rural-residential feel. Current listings show a mix weighted toward land (54%), with established houses making up 43% and a small share of townhouses (3%) — a mix that reflects an area still absorbing new development alongside its older housing stock, rather than one dominated by unit blocks or medium-density living.
The property market
Eagle Point's median house price currently sits at $725,000, positioning it as a relatively affordable lakeside option compared with more built-up parts of the Gippsland Lakes region. Recent figures show house prices have pulled back by 6.5%, suggesting a softer patch in what is a thinly traded, small-population market where individual sales can move the median significantly.
For buyers, that combination of land availability, a modest price point and lake proximity makes Eagle Point worth watching, particularly for those planning to build or seeking a quieter alternative to Paynesville at a lower entry price.
Market snapshot
Eagle Point property market
Median sale price
$725k
House · 4 bed
Median rent
—
per week
Gross rental yield
—
annual rent ÷ sale price
Typical price range
Entry
$257k
Median
$725k
Premium
$1.18m
Days on market
149
Auction clearance
0%
Sold this year
13
Median sold price trend · House 4 bed
Compound growth +0.3% / yr over 4 yrs
Property types on market
Share of current listings in Eagle Point by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Eagle Point, VIC 3878.
Population
1,306
residents (2021)
Median age
59
years
Household income
$1,209
median, per week
Median rent
$310
per week
Median mortgage
$1,456
per month
Mortgage / income
28%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Eagle Point
Government school catchment
Recent results
Recently sold in Eagle Point
$655k
19 Houghton Crescent
Sold ~July 2026
$285k
9 Maravito Terrace
Sold ~June 2026
$539k
1327 Forge Creek Road
Sold ~June 2026
$649k
44 Houghton Crescent
Sold ~June 2026
$239k
39 Houghton Crescent
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Eagle Point
Compare the area
Price map around Eagle Point
Every listing for sale near Eagle Point, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Eagle Point suburb FAQ
What is the median property price in Eagle Point?
The median house price in Eagle Point, VIC is $725k for a 4-bedroom home. Over the past year, median sold prices have fallen about 6.5%.
Is Eagle Point a good place to live?
Eagle Point is a town in Victoria, Australia, in the Shire of East Gippsland, by Lake King. Eagle Point is an established residential suburb in VIC, with a population of around 1,306 and 1 school in the area.
What is the population of Eagle Point?
Eagle Point has a population of 1,306 (ABS 2021 Census), with a median age of 59.
What schools are in Eagle Point?
There is 1 school in or near Eagle Point, including Eagle Point Primary School.
How long do homes take to sell in Eagle Point?
Properties in Eagle Point take around 149 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Eagle Point?
Entry-level properties in Eagle Point start around $257k, while premium homes reach $1.18m.
What suburbs are near Eagle Point?
Suburbs near Eagle Point include Paynesville, Newlands Arm and Raymond Island.
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