Get a property report and suburb profile for any property in Eastwood

Eastwood sits around a lively village shopping strip on Rowe Street and the railway station, and its long-established multicultural character is visible in the many Asian restaurants, bakeries and specialty grocers that draw visitors. Streets close to the centre have medium-density apartment blocks while nearby pockets offer older federation and post-war brick homes on tree-lined blocks, and residents have ready access to neighbourhood parks, sporting ovals, community facilities and frequent bus and train services.

Families dominate the community: about 18,695 people live in Eastwood and roughly 60.2% of homes are owner-occupied while 39.8% are rented. The suburb is the focus of coordinated town-centre planning, with the Eastwood Central precinct building a multi-storey carpark adjoining Glen Reserve and a town centre masterplan guiding future public uses. Recent local works include an after-hours access trial at Eastwood Library, station improvements and funding for a 40 km/h High Pedestrian Activity Area to improve pedestrian safety. Whether Eastwood suits you comes down to what you want in a suburb.

The figures for Eastwood show housing costs sit high against a typical local household income as recorded at the last Census. A house rent of $1,150 a week would take about 59.1% of that weekly household income, and a unit rent of $680 a week would take about 34.9%. On buying, the median house price of $2,650,000 is about 26.2 times a typical local annual household income (weekly income × 52), while the median unit price of $787,500 is about 7.8 times that annual income. On these figures, buying—particularly a house—sits well above what local households earned at the last Census, and renting a house would take a large share of a typical local household's income while renting a unit would take a sizeable share.

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

If you're weighing Eastwood as an investment, the most striking movement over the past year is in house rents, which jumped 15.0%. Over the same period house values edged down 1.5%, so for houses the rental income change has been the dominant movement while capital value moved slightly lower. Units tell a different, steadier story: unit values rose a modest 2.3% and unit rents increased a modest 4.6%, with rents outpacing values on the unit side as well.

Which of those outcomes matters to you depends on whether you prioritise rental income or capital growth and on your own circumstances; these figures describe the last 12 months and are for you to weigh against your goals.

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.