Eastwood
A median age of 50 sits 10 years above the national average, making Eastwood one of the most mature-age suburbs in the East Gippsland region. That age profile connects directly to the ownership pattern: 51.9% of dwellings are owned outright, well above the national norm, because long-term residents have paid off mortgages accumulated over decades. Household income sits at the 31.1st percentile nationally, moderate rather than affluent, yet the suburb scores IRSAD decile 9, signalling that low disadvantage is driven more by stable, debt-free ownership than by high earnings. Population reached 2,855 across a 2.4 km2 area, with 86.9% of dwellings being separate houses.
Population
2,855
Median Age
50.0
Household IncomeiMedian weekly household income (ABS Census)
$1,304/wk
DAs (12 months)iDevelopment Applications lodged in the past year
2
Median House
$569K
Apr-Jun 2024
The median house price of $568,800, recorded in April to June 2024, reflects a 70.1% rise since 2013 when the earliest recorded price was $335,000. That works out to a compound annual growth rate of 4.5% over 12 years. Prices peaked at $599,000 in 2023 before easing 4.8% to the current level, so buyers today are entering below the recent high. Monthly mortgage repayments average $1,417, producing a mortgage-to-income ratio of 25.1%, comfortably below the 30% stress threshold. Separate houses dominate at 86.9% of stock, with 3-bedroom dwellings at 43.7% and 4-plus bedroom homes at 41.3%, a composition that suits families buying established detached homes.
For Buyers
The median house price of $568,800, recorded in April to June 2024, reflects a 70.1% rise since 2013 when the earliest recorded price was $335,000. That works out to a compound annual growth rate of 4.5% over 12 years. Prices peaked at $599,000 in 2023 before easing 4.8% to the current level, so buyers today are entering below the recent high. Monthly mortgage repayments average $1,417, producing a mortgage-to-income ratio of 25.1%, comfortably below the 30% stress threshold. Separate houses dominate at 86.9% of stock, with 3-bedroom dwellings at 43.7% and 4-plus bedroom homes at 41.3%, a composition that suits families buying established detached homes.
For Investors
Weekly rent of $370 against a $568,800 median gives a gross yield of approximately 3.4%, above what many larger metro markets offer. The vacancy rate stands at 6.2%, elevated compared to the national average, which indicates softer rental demand and warrants caution before assuming quick tenant turnover. Renters account for only 17.1% of dwellings, so the tenant pool is thin by nature. Population grew 15.5% over 10 years and continues at 0.91% annually, adding roughly 26 residents per year. Development is minimal with only 2 applications lodged in the past 12 months, both subdivision works, so new supply is not a near-term concern for existing landlords.
Development Activity
Total DAs
4
Last 12 Months
2
YoY ChangeiYear-over-year change in DA lodgements
—
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Eastwood iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Lucknow Primary School
Prep-6 · 539 students
Demographics
The median age of 50 is 10 years higher than the national figure, and the senior share grew 3.5 points over the decade while the working-age share also rose 2.7 points, a mixed signal suggesting some generational replenishment alongside continued aging. Overseas-born residents account for 13.8%, which is 7.8 percentage points below the national figure, pointing to a predominantly Australian-born population. Ancestry is strongly Anglo-Celtic: English (1,311), Scottish (317) and Irish (273) are the top three groups. Average household size of 2.4 is marginally below national. University qualifications reach 21.5%, which is 8.6 points below the national figure, consistent with a regional and trade-oriented workforce.
Age Distribution
Bedrooms
Dwelling Structure
86.9%
Houses
13.1%
Townhouse
N/A
Apartment
Tenure
Tenure is heavily weighted toward outright ownership: 51.9% own without a mortgage, 31.0% are paying one off and only 17.1% rent. That outright-owner majority is characteristic of an aging suburb where residents have held properties for decades. The price record spans 2013 to 2024, from $335,000 to $570,000, a 70.1% cumulative gain. The stock is almost entirely separate houses at 86.9%, with semi-detached making up the remaining 13.1% and no recorded apartment component. Larger dwellings prevail: 43.7% have 3 bedrooms and 41.3% have 4 or more, which is an unusually high share of 4-plus bedroom homes compared to the state average, reflecting the spacious regional land sizes.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,417
Rent / wk
$370
HH Size
2.4
Personal Income / wk
$662
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
6.2%
Unoccupied
73
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
28.4%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
25.1%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
37.7%
Couples, no children
2,232
Total families
Economy & Employment
Healthcare is the dominant industry at 25.3% of employed residents, 179 workers, well above national share, which follows logically from the older population base that drives local service demand. Education (11.7%) and Construction (10.5%) follow, then Retail (8.8%) and Public Admin (7.4%). By occupation, Professionals lead at 202 workers, with Community and Personal Services (158), Managers (151) and Clerical staff (151) clustered behind. Unemployment sits at 3.0%, a low figure, though the participation rate of 46.3% is depressed because 1,049 residents are not in the labour force, mostly retirees given the median age of 50. The IRSAD decile of 9 is notably higher than the household income percentile of 31.1, which means wealth here is held as property rather than income.
Unemployment
4.0%
Labour Force
11,653
Unemployed
466
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
59.8%
Part-time
37.2%
Participation
46.3%
Employed
1,066
Occupations
Top Industries
University
21.5%
Postgraduate
4.4%
Born Overseas
13.8%
Dwellings
1,111
Transport to Work
Car dependency is high at 90.2% of residents driving to work, above state and national averages, which reflects the regional setting where public transport options are limited. Only 2.7% walk or cycle. The IRSAD decile of 9 places Eastwood in the top tier of low disadvantage nationally, meaning very few residents face material deprivation. Volunteering reaches 21.3%, above typical metro levels, often a marker of established community cohesion in regional areas. Housing stress is absent: rent-to-income sits at 28.4% and mortgage-to-income at 25.1%, both below the 30% threshold. No schools are recorded within the 2.4 km2 boundary, so families rely on institutions in nearby East Gippsland localities.
Drive
90.2%
Public Transport
N/A
Walk / Cycle
2.7%
Work from Home
N/A
Population Forecast
+0.91%/yr
(+185 people/yr)
EstablishedEastwood grew 15.5% over the decade and is tracking at 0.91% annually, adding around 26 residents per year toward a projected medium population of 21,318 by 2031. The gentrification score of 16 classifies the suburb as not gentrifying, consistent with an established, aging-resident base with 80.7% of residents staying in place over 5 years. Rent grew 21.6% and real incomes grew 18.2% over the period, a relatively balanced relationship that avoided acute affordability deterioration. Affordability improved from 70.6% in 2011 to 59.1% in 2021, a meaningful easing compared to many coastal VIC markets. The aging trajectory, with senior share up 3.5 points, is the main structural trend shaping demand.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+656
Net Internal / yr
-432
Gentrification Signal
Not gentrifying
Population +17% since 2011, Net internal outflow -432/yr, Strong overseas inflow +656/yr
Safety & Crime
Total Offences
137
Year ending June 2024
Rate per 1,000 People
48.0
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Eastwood compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Eastwood a good suburb to live in?
Eastwood scores IRSAD decile 9, the top advantage tier nationally, indicating very low disadvantage. The mortgage-to-income ratio is 25.1% and rent-to-income 28.4%, both below stress thresholds. The suburb suits established households, with 51.9% owning outright and a volunteering rate of 21.3%, though car dependency at 90.2% is a practical consideration.
What is the median house price in Eastwood?
The median house price was $568,800 in the April to June 2024 quarter, down 4.8% from the 2023 peak of $599,000. Monthly mortgage repayments average $1,417. Since 2013, prices have risen 70.1% from $335,000, a compound annual growth rate of 4.5% over 12 years.
What schools are in Eastwood?
No schools are recorded within the 2.4 km2 Eastwood boundary in this dataset. Families rely on schools in surrounding East Gippsland localities. University qualifications locally reach 21.5%, which is 8.6 points below the national figure, reflecting the regional and trade-focused workforce.
Is Eastwood safe?
The crime rate is 48.0 incidents per 1,000 residents, based on 137 recorded offences. Property and deception offences account for the largest share at 78 incidents, followed by crimes against the person at 22. The IRSAD decile of 9 indicates low disadvantage, which correlates with lower crime risk nationally.
Is Eastwood good for property investment?
Weekly rent of $370 against a $568,800 median implies a gross yield near 3.4%, higher than many metro VIC suburbs. The vacancy rate of 6.2% is elevated, signalling softer rental demand. Price growth of 4.5% per year compounded over 12 years supports the capital case, and new supply is negligible with only 2 development applications in the past 12 months.
How is Eastwood's population changing?
Population has grown 15.5% over 10 years and is increasing at 0.91% annually, adding roughly 26 residents per year. The medium forecast projects 21,318 residents by 2031, up from 20,278 in 2025. The main demographic shift is aging, with the senior share rising 3.5 points over the decade, while 80.7% of residents stayed in place over 5 years.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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