Eastlakes

POSTAL CODE: NSW, 2018
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Based on its average 5-year and quarterly capital gains EASTLAKES, 2018 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that EASTLAKES, 2018 obtained a 7.66% growth over a ten-year period. It ranks 1482nd on our list of suburbs that property investors should look into.

EASTLAKES, 2018 in NSW belongs to the local government area of Bayside (NSW).

EASTLAKES, 2018 has a capital gain of 10.75% for the past year, which is higher than average compared to its 53.45% growth within a five-year period.

With the median home price in EASTLAKES sitting at $2,225,000, and the average rent at $700, property owners could potentially earn a 1.64% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in EASTLAKES are low, as opposed to average gains per annum over the past five years.

Surburb overview

Eastlakes, NSW 2018, is an inner-southern suburb approximately 8 kilometres from Sydney’s central business district. Mascot, Rosebery, and Kingsford border it and fall within the Bayside Council area. The suburb is primarily residential and is known for its multicultural community, diverse housing options, and proximity to parks and recreational facilities.

As of the 2016 census, Eastlakes had a population of around 6,879, with the predominant age group being 30-39. The suburb has a diverse demographic profile, with 42.6% of residents born in Australia and significant communities from Bangladesh (6.0%), Indonesia (4.3%), and China (3.0%). The most commonly spoken languages besides English include Bengali, Greek, and Indonesian.

The area is characterised by a mix of medium-density flats and public housing, with around 20% of the suburb comprising public housing estates. The housing market consists mainly of units, with a median rent of $650 per week and a rental yield of 5.49% for units, making it a relatively affordable option compared to other parts of Sydney.

Public transport options include bus routes connecting the suburb to nearby train stations like Mascot and the Juniors Kingsford light rail stop. Eastlakes is well-known for its recreational facilities, with several parks such as Eastlakes Reserve, Bridget Tight Reserve, and the nearby Lakes Golf Course providing green spaces for residents. The suburb also has a small shopping centre on Evans Avenue, a local hub for groceries and other essentials. 

Overall, Eastlakes offers a family-friendly environment with a mix of residential and recreational amenities, though its proximity to Sydney Airport does cause some noise.

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