Suburb Profile Report for Eastlakes NSW (2018)

Eastlakes House: Median price $1,500,000, Annual capital growth 9.72%, Number of sales 24, Weekly median advertised rent $700

Eastlakes Unit: Median price $620,000, Annual capital growth 8.84%, Number of sales 65, Weekly median advertised rent $470

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Eastlakes has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 22.20%

Eastlakes,2018 has offered an average of 22.20% return per annum in house price rises to property investors over the last three years.

Situated 6.88km from the CBD, Eastlakes is one of Botany Bay localities in the postcode 2018.

Eastlakes has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.77% to date .

The five-year average increase in median property values for Eastlakes,2018 has given property investors a potential capital gain of 61.04% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Eastlakes is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 217th in terms of most discounted suburbs in NSW

Renters in Suburb are facing rents around $5640 per annum or $470 every week.

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Southern Sydney suburb Eastlakes scores well as a good all-round investment prospect. Units are affordable for Sydney, and it compares very favourably to neighbours Mascot and Rosebery.

Full summary

Southern Sydney suburb Eastlakes scores well as a good all-round investment prospect. Units are affordable for Sydney and it compares very favourably to neighbours Mascot and Rosebery.

The CBD is easily accessible via a 6km drive up Southern Cross Drive or a quick train journey along the airport line, and the airport itself is only one or two stops away. Amenity-wise, the suburb is home to the Eastlakes Shopping Centre and two golf courses.

Rental potential is excellent, with decent yields and low monthly vacancy rates. The price differential between Eastlakes and its closest neighbours also suggests there’s scope for more capital growth. There’s also scope to add value: two-thirds of properties in the suburb are units and are mainly low-rise brick complexes constructed over 20 years ago – providing plenty of renovation opportunities.

Nick Kastellorios, sales manager at local agent MGM Properties recommends Longworth Avenue and Evans Avenue, which border Eastlakes Reserve, as the choice streets.

Close
Metrics i HOUSE UNIT
$1,500,000 $620,000
0.33% 3.59%
22.20% 8.77%
9.72% 8.84%
$700 $470
24 65
2.43% 3.94%
N/A 63.65

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Eastlakes NSW
Demographics
Total population 6920
Median household income ($/weekly) 865
Median age of persons 36
Median housing loan repayment ($/monthly) 2030
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 817 11.8
    25-34 years 1109 16.0
    35-44 years 1063 15.4
    45-54 years 820 11.8
    55-64 years 716 10.3
    Others 2396 34.6
    Age Group
    Census Count Percent(%)
    Not Married 2473 48.1
    Registered Married 2438 47.4
    Defacto Relationship 230 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2741 43.3
    Croatia 256 4.0
    Hong Kong 185 2.9
    Iraq 280 4.4
    Other 1336 21.1
    Others 1529 24.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 250 4.0
    Christianity 3693 59.2
    Hinduism 144 2.3
    Islam 1318 21.1
    No Religion 696 11.2
    Others 140 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 279 12.2
    $400-$599 273 11.9
    $600-$799 253 11.0
    $1,000-$1,249 211 9.2
    $1,500-$1,999 241 10.5
    Others 1038 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2193 42.8
    Employed, worked full-time 1655 32.3
    Employed, worked part-time 871 17.0
    Unemployed, looking for work 232 4.5
    Employed, away from work 169 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 414 15.4
    Technicians & trades workers 360 13.4
    Clerical & administrative workers 434 16.1
    Sales 324 12.0
    Labourers 348 12.9
    Others 812 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 76 4.8
    Infants/Primary 463 29.2
    Secondary 376 23.8
    Technical or Further Educational Institution 176 11.1
    University or other Tertiary Institutions 423 26.7
    Others 69 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4078 63.8
    Separate house 1937 30.3
    Semi-detached, row or terrace house, townhouse 353 5.5
    House or flat attached to a shop, office 20 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1274 52.0
    Fully owned 649 26.5
    Being purchased 508 20.7
    Other tenure type 21 0.9
    Tenure Type
Census 2011, ABS
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