Question 1

Is Eastgardens a nice place to live?

Accepted Answer

Eastgardens is centred on the Westfield Eastgardens shopping centre, with a compact mix of low-rise apartment blocks around the retail precinct and quieter streets of post-war cottages and villas beyond. It feels practical and suburban, with local cafes, community facilities and small parks within easy reach. The suburb is a relatively young community (population 4,086; median age 31) where families are largely couples, and more homes are rented than owner-occupied, so it suits a range of households including commuters, young families and downsizers wanting to live close to the coast.

Residents have easy access to the Botany Bay foreshore and nearby Maroubra Beach for coastal recreation, and regular bus services plus proximity to Sydney Airport and the city add everyday convenience. Eastgardens is also seeing transport and town-centre changes: reinstated and trial bus routes, council support for improved east-west and high-frequency links, a planning proposal for the Westfield site that enables a publicly accessible plaza and upgraded bus interchange, and council-endorsed kerb works that expand a future park by about 750 square metres to be delivered with the adjoining developer.

Question 2

Is it expensive to live in Eastgardens?

Accepted Answer

In Eastgardens, housing costs sit high against what local households earned at the last Census. With a typical local household income of $2,232 a week, house rent of $1,370 a week would be about 61% of that income and unit rent of $1,125 a week about 50%, so rent would take a large share of a typical local household's weekly income. Buying a unit at the median price of $967,500 works out to roughly 8.3 times a typical local annual household income at the last Census, a high multiple against local incomes. Whether that feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Eastgardens a good place to invest?

Accepted Answer

House rents in Eastgardens jumped 11.8% over the past year. House values rose a more modest 3.3% over the same period, so on the figures available the rent a house earns has been the stronger performer this year.

Units moved differently: unit values fell a modest 2.7%, while unit rents rose a modest 2.3%. Whether that balance between house and unit movements fits your investment goals depends on what you are after and your circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	$968K
Change in value Past 12 months	3.3%	-2.7%
Sold Past 3 months	3	24
Median days on market Past 12 months	N/A	53
Average rent Past 12 months	$1370	$1125
Change in rent Past 12 months	11.8%	2.3%

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