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Endeavour Hills suburb profile

Endeavour Hills is a family-oriented suburb located approximately 31km southeast of Melbourne's CBD, known for its rolling hills and lush greenery. The suburb offers a peaceful residential environment with a strong sense of community, making it popular among families and retirees. Endeavour Hills boasts a variety of amenities, including shopping centres, schools, and recreational facilities, such as the Endeavour Hills Leisure Centre. With its abundance of parks and walking trails, residents enjoy an active outdoor lifestyle. The suburb's convenient access to major roads and public transport links ensures connectivity to the broader Melbourne area.

Endeavour Hills property market performance

Current median dwelling price$689,000Past 3 months

Property growth+0.7%Past 12 months

Endeavour Hills has experienced modest growth in its property market over the past 12 months. House values have increased by 0.8%, with the current median house price at $793,000. Units have seen a slight rise of 0.7%, although the median unit price is not available, indicating limited activity in this segment.

Sales activity has been relatively low, with 46 houses and just 3 units sold in the past 12 months. Houses are spending a median of 51 days on the market, while units are taking significantly longer at 90 days, suggesting a slower pace in the unit market.

The rental market in Endeavour Hills has shown some growth, with house rents increasing by 5.5% and unit rents by 4.2% over the last 12 months. The average rent for houses is $580, while units average $500, reflecting steady demand for rental properties.

HousesUnits
Median price
Past 3 months
$793KN/A
Change in value
Past 12 months
0.8%0.7%
Sold
Past 3 months
463
Median days on market
Past 12 months
5190
Average rent
Past 12 months
$580$500
Change in rent
Past 12 months
5.5%4.2%

5 year median price trend for houses and units

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Endeavour Hills demographics

Endeavour Hills, located in Melbourne's southeastern suburbs, is a family-friendly area known for its green spaces and community-oriented lifestyle. With a population of 24,455, the suburb offers a peaceful environment while still being within reach of the city's amenities. The median age of 39 suggests a mature community, with many families and long-term residents enjoying the suburb's balance of suburban tranquility and urban convenience.

The suburb is predominantly composed of family households, with 51% being couple families with children, reflecting its appeal to those seeking a nurturing environment for raising a family. Additionally, 32.5% of households are couple families without children, indicating a significant number of residents who appreciate the suburb's serene atmosphere. One-parent families make up 15.2% of the community, adding to the diversity of family structures in the area.

Property ownership in Endeavour Hills is strong, with 37.9% of homes owned outright and 43.1% owned with a mortgage. This high level of ownership underscores the suburb's stability and attractiveness to those looking to invest in a long-term home. Only 19% of properties are rented, which is relatively low compared to more transient urban areas, highlighting the suburb's appeal to those seeking a permanent residence. With its family-friendly vibe, ample green spaces, and strong sense of community, Endeavour Hills is a desirable location for those looking to settle down in a welcoming and stable environment.

Endeavour Hills infrastructure, key developments and investment opportunities

Endeavour Hills is experiencing some notable developments that may impact its property market. The Endeavour Hills Shopping Centre recently underwent a $7 million refurbishment, enhancing local retail amenities and potentially boosting surrounding property values. Additionally, upgrades to local parks and recreational facilities, including improvements to Frog Hollow Reserve, are enhancing livability for residents.

The suburb's proximity to major transport routes like the Monash Freeway continues to be a key selling point. While there are no major new infrastructure projects currently underway, ongoing maintenance and minor upgrades to local roads and community facilities are helping to maintain Endeavour Hills' appeal as a family-friendly suburb. The area's established schools and green spaces remain attractive features for potential homebuyers.

Endeavour Hills rental market trends

The rental market in Endeavour Hills has experienced moderate growth, with house rents increasing 5.5% over the past year to $580 per week, while unit rents have risen 4.2% to $500 per week. This steady growth reflects the suburb's appeal, offering a balanced lifestyle with access to amenities and a family-friendly environment.

Suburbs near Endeavour Hills

Some popular suburbs near Endeavour Hills include:

How does Endeavour Hills compare to nearby suburbs?

  • Median house prices: Endeavour Hills’s median house price is 28.3% higher than Doveton’s.
  • Median unit prices: Endeavour Hills’s median unit price is 10.4% higher than Doveton’s.
  • House price growth: Property prices in nearby Doveton have risen 0.9% more than in Endeavour Hills over the past year.
  • Unit price growth: Property prices in nearby Doveton have risen 4.2% more than in Endeavour Hills over the past year.
  • Selling speed for houses: Properties in Endeavour Hills are selling 46.9% faster than in Doveton.
  • Selling speed for units: Properties in Endeavour Hills are selling 18.9% faster than in Doveton.
  • Investment considerations: In Endeavour Hills, the rental yield for house is 6.1% lower than the Melbourne average, while the rental yield for units is 10.7% lower.
  • House price growth: Over the past 12 months, house prices in Endeavour Hills have grown 20.3% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Endeavour Hills have grown 6.0% higher than the average rate of growth for units across Melbourne.

Common questions about Endeavour Hills

  • Is Endeavour Hills a nice place to live?

    Endeavour Hills is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled amidst rolling hills and lush greenery, this suburb provides a peaceful residential setting that is perfect for families and retirees alike. The strong sense of community is palpable, with residents often engaging in local events and activities that foster a welcoming atmosphere. The suburb's charm is further enhanced by its abundance of parks and walking trails, allowing residents to enjoy an active and outdoor lifestyle.

    For those who value convenience, Endeavour Hills does not disappoint. The suburb is well-equipped with a variety of amenities, including shopping centres, schools, and recreational facilities, ensuring that all essential needs are met within close proximity. The recent refurbishment of the Endeavour Hills Shopping Centre has further enhanced the local retail experience, adding to the suburb's appeal. Additionally, the suburb's connectivity to the broader Melbourne area via major roads and public transport links makes commuting a breeze.

    Families will find Endeavour Hills particularly appealing due to its nurturing environment and the availability of established schools. The suburb's green spaces provide ample opportunities for children to play and explore, while the community-oriented lifestyle ensures a safe and supportive setting for raising a family. However, it's worth noting that while Endeavour Hills offers a tranquil suburban lifestyle, it may lack the bustling nightlife and cultural attractions found in more urban areas. Nonetheless, for those seeking a stable and welcoming community with a focus on family living, Endeavour Hills is an excellent choice.

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  • Is it expensive to live in Endeavour Hills?

    Living in Endeavour Hills can be seen as relatively affordable compared to some of Melbourne's more central suburbs. The median house price here is $792,500, which is quite reasonable when you consider the soaring property prices in other parts of the city. Units are even more budget-friendly, with a median price of $612,500, making them an attractive option for those looking to enter the property market or downsize.

    When it comes to renting, the average rent for houses is $570 per week, while units average $520 per week. These rental prices are manageable, especially when compared to the average annual wage in Endeavour Hills, which is around $90,000. This wage is slightly above the average for Victoria, allowing residents to comfortably afford housing costs without stretching their budgets too thin.

    Overall, Endeavour Hills offers a good balance between affordability and lifestyle, making it an appealing choice for those looking to live within reach of Melbourne without the hefty price tag that comes with more central locations. If you're thinking of living in Endeavour Hills, you'll find that it provides a great mix of value and convenience.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Endeavour Hills a good place to invest?

    Endeavour Hills presents a promising opportunity for property investors, particularly those interested in rental income. Over the past year, the suburb has seen a modest increase in median house values by 1.9%, while unit values have remained stable. This stability in property values can be appealing for investors seeking a less volatile market. The real standout, however, is the significant rise in rental prices, with house rents increasing by 14.0% and unit rents by 13.0%. This suggests a strong demand for rental properties, making it an attractive option for those looking to generate steady rental income.

    The suburb's appeal is further enhanced by its family-friendly environment and convenient access to local amenities, which continue to attract renters. While the capital growth in property values may not be as rapid as in some other areas, the consistent demand for rentals indicates a reliable income stream for investors. Endeavour Hills offers a balanced investment opportunity, combining stable property values with impressive rental yield growth, making it a worthwhile consideration for those looking to invest in the real estate market.

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Choose the right real estate agents in Endeavour Hills

Choosing the right real estate agent in Endeavour Hills can have a big impact on your sale. While there are 101 real estate agents working in the suburb, but just 5 of them were responsible for 55.2% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 2.95%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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