Located in South Australia within the Burnside local government area, Eastwood is a small community (postcode 5063). It is home to about 712 residents, with an older-leaning population and a median age of 48. Households earn a median income of $98K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Scottish.
The median house price in Eastwood is $1.4 million, having increased by 2.2% over the past year. The current median weekly rent is $861. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,737.
Public transport access includes 4 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Burnside LGA is higher than average at 9,551 incidents per 100,000 population.
Looking at the investment signals, Eastwood shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 14.4x is considered stretched. House prices have moved +2.2% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.