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Eastwood

POSTAL CODE: NSW, 2122
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Property investors enjoyed capital gains of 3.31% over the last 12 months in EASTWOOD, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.98% growth over a ten-year period. It ranks 2710th on our list of suburbs that property investors should look into.

EASTWOOD, 2122 has a capital gain of 3.31% for the past year, which is lower than average compared to its 57.86% growth within a five-year period.

With the median home price in EASTWOOD sitting at $2,750,000, and the average rent at $1100, property owners could potentially earn a 2.08% increase in gross rental yield.

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

EASTWOOD, 2122 in NSW belongs to the local government area of Ryde.

Surburb overview

Eastwood is a vibrant and culturally diverse suburb located approximately 17 kilometres north-west of Sydney's central business district. It falls under the jurisdiction of both the City of Ryde and the City of Parramatta local government area. Known for its strong community spirit and rich multicultural atmosphere, Eastwood is a popular choice for families, professionals, and students.

As of the 2016 Census, Eastwood had a population of 17,865 residents. The suburb is notably multicultural, with 48.8% of residents identifying as Chinese, 11.6% as English, 10.7% as Australian, 8.8% as Korean, and 3.8% as Irish. The predominant age group is 20–29 years, reflecting a youthful demographic.

Eastwood is well-connected through various transportation options.. Eastwood railway station, situated on the Sydney Trains Northern Line, offers direct access to the Sydney CBD and other major hubs. Several bus routes service the suburb, which is also accessible via major roads, including the A3 and Epping Road.

Eastwood boasts a bustling commercial precinct, particularly along Rowe Street, featuring a variety of Asian eateries, specialty stores, and supermarkets. The suburb is renowned for its vibrant community events and cultural festivals, reflecting its diverse population.

The housing landscape in Eastwood is diverse, comprising a mix of heritage homes, modern apartments, and family residences. As of recent data, the median house price stands at approximately $2,488,000, while the median apartment price is around $72,000. The suburb's blend of historical charm and modern development makes it an attractive location for a diverse range of buyers.

Eastwood offers a range of educational institutions catering to different age groups. Notable schools include Eastwood Public School, Eastwood Heights Public School, and Marist College Eastwood, a Roman Catholic single-sex secondary day school for boys. The suburb's proximity to tertiary institutions, such as Macquarie University, further enhances its appeal to students and academics.

The suburb is home to numerous parks and recreational facilities, providing residents with ample green spaces for leisure and outdoor activities. These amenities contribute to Eastwood's reputation as a family-friendly and community-oriented locale.

Eastwood's rich cultural tapestry, excellent amenities, and strategic location make it a dynamic and desirable suburb within Sydney's northern region.

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