Suburb Profile Report for Eastwood NSW (2122)

Eastwood House: Median price $1,725,000, Annual capital growth 10.55%, Number of sales 163, Weekly median advertised rent $650

Eastwood Unit: Median price $730,000, Annual capital growth 8.32%, Number of sales 95, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 628th in the list of Australian suburbs ordered by increase in median house value over the last year, Eastwood, 2122 is in the top 20% with a property value increase of 13.49% recorded in median house prices.

Eastwood,2122 was ranked 1360 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Eastwood are currently offering property investors an average price cut of -8.38% below the asking price at the moment.

Situated 14.39km from the CBD, Eastwood is one of Ryde localities in the postcode 2122.

If you compare the increase in value of investment property in Eastwood, 2122 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.80%.

Over the longer term, Eastwood has seen property prices show investors a 23.94% return over the last 3 years. This is worse than over the last 12 months

Eastwood, 2122 is offering NSW ‘s 35th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.

With the median price for a house in Eastwood being $730000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.21%

HOUSE UNIT
$1,725,000 $730,000
1.77% 4.66%
13.49% 5.80%
10.55% 8.32%
$650 $450
163 95
1.96% 3.21%
68.63 79.2

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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