Suburb Profile Report for Eastwood NSW (2122)

Eastwood House: Median price $1,727,500, Annual capital growth 10.65%, Number of sales 158, Weekly median advertised rent $680

Eastwood Unit: Median price $755,000, Annual capital growth 6.92%, Number of sales 102, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Eastwood is an average performer in NSW when comparing median price capital growth over the last year. Eastwood gave property investors a average capital gain figure when compared to the rest of the state, with 6.64%.

Across a shorter period, Eastwood, 2122 has seen a median price increase of 0.86% over the last quarter.

The most recent median price for Eastwood is $1727500, with sellers offering an average of -8.19% off the asking price.

Often selling an investment property can take time, and in Eastwood the average time real estate has been on the market is 79.34 days.

Renters in Suburb are facing rents around $8160 per annum or $680 every week.

Eastwood, 2122 ranked 154th in NSW when comparing growth in median property values or capital gain over the last 12 months. Eastwood is one of 3163 in our list for NSW

Taking the average capital gain, or increase in median house value, Eastwood,2122 has racked up an average of 10.06% over the period. This ranks it number 399th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Eastwood is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 62th in terms of most discounted suburbs in NSW

At number 736 in a list of fastest selling suburbs, Eastwood is just in the top half of suburbs in Australia with an average of days on market 77.57 for properties listed there.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,727,500 $755,000
0.86% 2.03%
6.64% 10.06%
10.65% 6.92%
$680 $450
158 102
2.05% 3.10%
79.34 77.57

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 16193
Median household income ($/weekly) 1327
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1740 10.7
    25-34 years 2339 14.4
    35-44 years 2077 12.8
    45-54 years 2409 14.9
    55-64 years 1790 11.1
    Others 5839 36.1
    Age Group
    Census Count Percent(%)
    Registered Married 6600 51.8
    Not Married 5693 44.6
    Defacto Relationship 458 3.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 7014 45.6
    Croatia 3016 19.6
    India 868 5.6
    Lebanon 1092 7.1
    Other 730 4.7
    Others 2649 17.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 1097 7.4
    Christianity 8301 55.8
    Hinduism 479 3.2
    Islam 201 1.3
    No Religion 4657 31.3
    Others 154 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 434 8.6
    $600-$799 412 8.2
    $1,000-$1,249 410 8.2
    $1,500-$1,999 523 10.4
    $2,500-$2,999 469 9.3
    Others 2781 55.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5072 39.1
    Employed, worked full-time 4651 35.9
    Employed, worked part-time 2281 17.6
    Unemployed, looking for work 545 4.2
    Employed, away from work 407 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 917 12.5
    Professionals 2491 34.0
    Technicians & trades workers 763 10.4
    Clerical & administrative workers 1170 15.9
    Sales 643 8.8
    Others 1353 18.4
    Occupation
    Census Count Percent(%)
    Pre-school 229 4.8
    Infants/Primary 1122 23.7
    Secondary 1077 22.8
    Technical or Further Educational Institution 426 9.0
    University or other Tertiary Institutions 1715 36.3
    Others 160 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10283 66.9
    Flat, unit or apartment 2909 18.9
    Semi-detached, row or terrace house, townhouse 2182 14.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1985 36.4
    Rented 1730 31.8
    Being purchased 1708 31.4
    Other tenure type 24 0.4
    Tenure Type
Census 2011, ABS
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