Eastwood is a smaller suburb in Victoria within the East Gippsland local government area (postcode 3875). With a population of 2,855, the suburb has a mature demographic with a median age of 50. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Eastwood is $595,000, having dipped slightly 0.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.5%. 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.
From an investment perspective, Eastwood offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($595K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved -0.7% year-on-year.
Eastwood is a smaller suburb in Victoria within the East Gippsland local government area (postcode 3875). With a population of 2,855, the suburb has a mature demographic with a median age of 50. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Eastwood is $595,000, having dipped slightly 0.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.5%. 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.
From an investment perspective, Eastwood offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($595K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved -0.7% year-on-year.