Eastwood is in East Gippsland LGA, VIC, postcode 3875, with population 2,855.
The page has enough signal to be useful, but the story is mixed rather than decisive. Use compare mode to pressure-test it against stronger nearby options, then use the calculator if it still makes the shortlist.
Entry price sits in the lower-cost range for a first-pass screen.
Indicative cashflow is interest-only and excludes tax — use the calculator for a full projection.
Owners with a mortgage repay a median of $1,417/mo, while renters pay about $1,993/mo — renting runs $576/mo higher on these medians.
LGA-level official projection (Victoria in Future 2023, DTP). Indicative of the wider council area, not a suburb-level forecast.
Located in Victoria within the East Gippsland local government area, Eastwood is a smaller suburb (postcode 3875). It is home to about 2,855 residents, with an older-leaning population and a median age of 50. Households earn a median income of $68K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Eastwood is $595,000, having dipped slightly by 0.7% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,417.
Eastwood is served by 1 school, including 1 primary. The average ICSEA score is 986, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
Looking at the investment signals, Eastwood shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($595K/$875K), which can point to relative value. The price-to-income ratio of 8.8x is considered moderate. House prices have moved -0.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
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There is enough direct local evidence on Eastwood for a first-pass decision.
QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
DataVic-discovered annual suburb price workbooks parsed into suburb prices. Quarterly VIC resources are discovered and cached, but not yet used as current-price anchors.
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Eastwood is in the East Gippsland Local Government Area, VIC, postcode 3875. Council-level context for East Gippsland LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
The current median house price in Eastwood, VIC is $595K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
The median weekly rent in Eastwood is $460/wk, based on the current market rent dataset. The current rent signal is rent context available.
Rent context available: Eastwood has usable rent context. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
QuickProperty's investment signals for Eastwood show: Moderate Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.