Suburb Profile Report for Eastwood SA (5063)

Eastwood House: Median price $637,500, Annual capital growth 8.44%, Number of sales 12, Weekly median advertised rent $440

Eastwood Unit: Median price $540,000, Annual capital growth 2.05%, Number of sales 18, Weekly median advertised rent $510

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Eastwood, 5063 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 9.44%.

While Eastwood,5063 ranked number 133th in SA for increase in median house value (annualised) increase, it is ranked 407th over the last 5 years.

In the last year 12 properties changed hands in Eastwood, which puts it as the 445th most active market in SA when comparing the number of sales per suburb.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.59%, without taking into account capital value appreciation, which has been averaging out at 8.44%.

If you compare the increase in value of investment property in Eastwood, 5063 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -3.14%.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.40% offered to property buyers. Sellers in Eastwood itself are offering an average vendor discount of -7.81% to real estate investors.

Advertised rents are around the $510 mark per week – giving a return of 4.91% based on the median price in Suburb

Metrics i HOUSE UNIT
$637,500 $540,000
2.82% 4.85%
9.44% -3.14%
8.44% 2.05%
$440 $510
12 18
3.59% 4.91%
N/A 141.72

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 778
Median household income ($/weekly) 1447
Median age of persons 41
Median housing loan repayment ($/monthly) 1900
Average household size 2
  • Census Count Percent(%)
    20-24 years 69 8.9
    25-34 years 124 15.9
    35-44 years 101 13.0
    45-54 years 100 12.9
    55-64 years 102 13.1
    Others 282 36.2
    Age Group
    Census Count Percent(%)
    Not Married 306 53.6
    Registered Married 189 33.1
    Defacto Relationship 76 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 523 72.2
    Indonesia 17 2.3
    Ireland 12 1.7
    United Kingdom 46 6.4
    Other 28 3.9
    Others 98 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 1.4
    Christianity 384 54.9
    Hinduism 14 2.0
    Islam 18 2.6
    No Religion 264 37.7
    Others 10 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 25 7.8
    $1,250-$1,499 25 7.8
    $1,500-$1,999 34 10.6
    $2,000-$2,499 25 7.8
    $2,500-$2,999 59 18.3
    Others 154 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 254 40.3
    Not in the labour force 222 35.2
    Employed, worked part-time 109 17.3
    Unemployed, looking for work 25 4.0
    Employed, away from work 21 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 63 16.4
    Professionals 161 41.8
    Community & personal service workers 32 8.3
    Clerical & administrative workers 43 11.2
    Sales 30 7.8
    Others 56 14.5
    Occupation
    Census Count Percent(%)
    Pre-school 10 5.0
    Infants/Primary 42 21.1
    Secondary 36 18.1
    Technical or Further Educational Institution 19 9.5
    University or other Tertiary Institutions 83 41.7
    Others 9 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 339 49.8
    Flat, unit or apartment 246 36.1
    Semi-detached, row or terrace house, townhouse 96 14.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 133 39.8
    Being purchased 101 30.2
    Fully owned 100 29.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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