Suburb Profile Report for Eastlakes NSW (2018)

Eastlakes House: Median price $1,385,000, Annual capital growth 8.50%, Number of sales 26, Weekly median advertised rent $695

Eastlakes Unit: Median price $575,000, Annual capital growth 7.92%, Number of sales 59, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Eastlakes have tracked higher than the NSW average of 6.38% over the last 12 months.

Across a shorter period, Eastlakes, 2018 has seen a median price increase of 6.33% over the last quarter.

Property investors looking for a bargain in Eastlakes should be aiming for at least -3.39% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors who have had real estate in Eastlakes, 2018 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.68%

While Eastlakes,2018 ranked number 234th in NSW for increase in median house value (annualised) increase, it is ranked 229th over the last 5 years.

At number 364th of NSW’s most discounted properties, Eastlakes is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Eastlakes is 300th on a list of best yielding suburbs for rents in NSW with a 4.07% return

Information supplied by:




M
O

W
E
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
HOUSE UNIT
$1,385,000 $575,000
6.33% 1.95%
31.90% 2.68%
8.50% 7.92%
$695 $450
26 59
2.61% 4.07%
63.75 42.35

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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
Chart Table
Recent sales & rentals