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Eastwood suburb profile

Eastwood is a charming suburb located just 3km southeast of Adelaide's CBD, offering a perfect blend of urban convenience and suburban tranquility. Known for its tree-lined streets and heritage homes, Eastwood attracts families and professionals seeking a peaceful yet accessible lifestyle. The suburb is well-served by public transport and is in close proximity to the vibrant shopping and dining precincts of Adelaide. With its strong community spirit and excellent amenities, including parks and schools, Eastwood provides a welcoming environment for residents. Its unique character and prime location make it a desirable place to live.

Eastwood property market performance

Eastwood’s property market has remained stable over the past 12 months, with no change in median house or unit values. The median house price and unit price both stand at $0, indicating a lack of recent sales data to establish current market values. Despite this, there has been some sales activity, with 5 houses and 6 units sold over the last 12 months.

Houses in Eastwood are taking an average of 56 days on the market, while there is no available data for units, suggesting limited activity in the unit market. The rental market has shown a significant increase for units, with rents rising by 32.9% over the last 12 months, reaching an average of $795. In contrast, house rents have remained unchanged, averaging $630.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
N/AN/A
Sold
Past 3 months
65
Median days on market
Past 12 months
56N/A
Average rent
Past 12 months
$630$715
Change in rent
Past 12 months
-8.7%20.2%

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Eastwood demographics

Eastwood, nestled in the heart of Adelaide, is a charming suburb known for its tranquil atmosphere and close-knit community. With a population of just 712, it offers a peaceful retreat from the hustle and bustle of city life while still being conveniently located near the amenities of Adelaide. The median age of 48 suggests a mature community, with many residents enjoying the suburb's serene environment and proximity to the city.

The suburb's housing landscape is characterized by a significant proportion of properties owned outright, accounting for 43.1% of the dwellings. This indicates a stable community with long-term residents who have established roots in the area. Additionally, 21.4% of properties are owned with a mortgage, while 35.6% are rented, providing a balanced mix of ownership and rental opportunities for those looking to settle in Eastwood.

Family life in Eastwood is diverse, with couple families without children making up 56.8% of the family households, reflecting a preference for a quieter lifestyle. Meanwhile, 29.2% of families are couples with children, and 14.1% are one-parent families, showcasing the suburb's appeal to a variety of family structures. With its blend of tranquility, community spirit, and accessibility, Eastwood remains a desirable location for those seeking a harmonious suburban lifestyle.

Suburbs near Eastwood

Some popular suburbs near Eastwood include:

  • Parkside: Known for its charming heritage homes and vibrant community, Parkside is located directly west of Eastwood.
  • Dulwich: Featuring picturesque streets and a village-like atmosphere, Dulwich is situated to the northeast of Eastwood.
  • Frewville: Known for its convenient shopping and dining options, Frewville lies to the southeast of Eastwood.
  • Glenside: Offering a mix of residential and commercial spaces with lush green parks, Glenside is located to the east of Eastwood.
  • Fullarton: Known for its family-friendly environment and excellent schools, Fullarton is situated to the south of Eastwood.

How does Eastwood compare to nearby suburbs?

  • Median unit prices: Eastwood’s median unit price is 47.8% higher than Fullarton’s.
  • Selling speed for houses: Properties in Eastwood are selling 6.7% faster than in Parkside.
  • Investment considerations: In Eastwood, the rental yield for house is 0.3% lower than the Adelaide average, while the rental yield for units is 45.6% higher.
  • House price growth: Over the past 12 months, house prices in Eastwood have grown 37.8% higher than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Eastwood have grown 111.3% higher than the average rate of growth for units across Adelaide.

Choose the right real estate agents in Eastwood

There are 21 real estate agents in Eastwood, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 38.5% of all sales in the past year.

Commission rates in Eastwood typically range from 1.13% to 2.5%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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