The post-budget guide to commercial property investing

Eastgardens

POSTAL CODE: NSW, 2036
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The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,555,000.

Profits due to an downward trend in home prices there averaged -0.58% per annum over a 3-year period.

Home owners selling their properties and realtors in EASTGARDENS usually have to wait an average of N/A days before their assets are lifted off the market.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in EASTGARDENS.

EASTGARDENS, 2036 places 1125th in Australia based on median property value growth during the quarter.

Surburb overview

Eastgardens is a small, well-connected suburb located approximately 9 kilometres southeast of the Sydney Central Business District. It is part of the Bayside Council Local Government Area and is primarily known for its proximity to Westfield Eastgardens, one of Sydney’s largest shopping centres.

Eastgardens has a relatively small population, as its commercial and retail facilities largely dominate it. According to the most recent Census data, the population is around 875. The median age of residents is 38, reflecting a mix of families, older couples, and professionals. The housing landscape in Eastgardens mainly consists of modern apartment complexes and townhouses, catering to those seeking low-maintenance living with access to nearby conveniences.

Public transport in Eastgardens is well-developed, with multiple bus routes connecting the suburb to the Sydney CBD, Bondi Junction, and neighbouring suburbs such as Maroubra, Matraville, and Kingsford. The suburb’s central location along Wentworth Avenue and Southern Cross Drive also provides easy access by car, making it a convenient location for commuters and shoppers alike. Sydney Airport is just a short drive away, enhancing the suburb’s connectivity.

One of Eastgardens’ standout features is the Westfield Eastgardens shopping centre, a significant retail and commercial hub for the surrounding suburbs. Westfield Eastgardens offers a wide range of stores, including supermarkets, fashion retailers, department stores, dining options, and entertainment facilities such as cinemas, making it a popular destination for shopping and social activities.

The suburb benefits from its proximity to several parks and recreational spaces in the surrounding areas. Heffron Park, located just east of Maroubra, is famous for fitness enthusiasts and families. The nearby coastal suburbs of Maroubra and Coogee provide access to some of Sydney’s most famous beaches, where residents can enjoy swimming, surfing, and relaxing by the ocean.

Educational facilities serving Eastgardens include several schools in neighbouring suburbs, such as Pagewood Public School and Matraville Sports High School. The area’s proximity to academic institutions, shopping, and recreational amenities makes it a convenient choice for families.

With its excellent transport links, proximity to major shopping and entertainment facilities, and access to nearby parks and beaches, Eastgardens offers a convenient and well-connected lifestyle. While the suburb is small, its central location and access to critical urban amenities make it an attractive choice for those seeking a balance between suburban living and city convenience.

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