Question 1

Is Eastlakes a nice place to live?

Accepted Answer

Eastlakes is an inner-southern Sydney suburb with a quietly residential feel, located between Sydney Airport and Botany Bay and close to the large retail precinct at Eastgardens. The suburb is shaped by the green sweep of Eastlakes Golf Course and a scattering of parks, and its streets feature post-war brick cottages, weatherboard homes and low-rise apartment blocks with some more recent infill. Practical for commuters, Eastlakes is served by local buses and nearby major roads, and it attracts families, professionals and long-term residents who value quiet streets, private yards and easy access to bayside facilities.

With a population of 6,347 and a median age of 40, Eastlakes leans towards households of couples, many with children; about four in five families are couple families with or without children. Housing tenure is mixed, with just over half of homes rented and the rest owner-occupied. The main park has been renamed Jack Mundey Reserve and received new signage and interpretative material, and council has completed a floodplain risk management study for the catchment that sets out local drainage mitigation recommendations. Whether Eastlakes suits you depends on whether you want a quiet, bayside-adjacent suburb with a mix of housing and easy local access.

Question 2

Is it expensive to live in Eastlakes?

Accepted Answer

Housing in Eastlakes looks stretched against local incomes recorded at the last Census. A typical local household earned $1,300 a week at the last Census. On those figures, renting a house at $1,200 a week would take about 92.3% of a typical household's weekly income, while renting a unit at $700 a week would take about 53.8% of that income — both are large shares. The median unit price of $787,500 works out to about 11.6 times a typical local annual household income at the last Census, which sits well above local incomes.

For renters, the rent share is the most relevant measure; for prospective buyers, the price multiple shows how buying compares with what people locally earned at the last Census. Whether that feels expensive depends on your own income and 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 Eastlakes a good place to invest?

Accepted Answer

House values climbed 42.8% over the past 12 months, which was the clearest movement in Eastlakes' market. House rents also rose, up 14.3% over the same period. Unit values increased a solid 7.9%, while unit rents edged up 0.7%.

For someone weighing Eastlakes as an investment, the figures show that houses delivered very large capital growth this year and strong rental growth as well, whereas units saw more modest value gains and only marginal rent growth. Which of those outcomes matters to you will depend on whether you prioritise capital growth or rental income and on your own 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	$788K
Change in value Past 12 months	42.8%	7.9%
Sold Past 3 months	7	14
Median days on market Past 12 months	43	31
Average rent Past 12 months	$1200	$700
Change in rent Past 12 months	14.3%	0.7%

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