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Based on its average 5-year and quarterly capital gains EASTWOOD, 5063 saw average growth in the long term.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in EASTWOOD, 5063 averaged 9.02% per annum over a 3-year period.
Average weekly rents on listings have reached the $595 mark, reflecting a 3.7% increase in returns based on the current median price in EASTWOOD.
An average of 1 real estate transactions take place per month in EASTWOOD which translates to 12 per annum.
12 properties were sold in EASTWOOD during the past year, making it the 140th most active market in SA based on total real estate transactions.
EASTWOOD, 5063 places th in Australia based on median property value growth during the quarter.
Eastwood, located just 2 kilometres southeast of Adelaide's central business district, is a small but vibrant suburb in South Australia. It falls within the City of Burnside, a local government area known for its leafy streets, historic character, and high quality of life. Eastwood has a population of around 800 residents, with a demographic mix that includes professionals, young families, and retirees who appreciate the suburb's proximity to the city, charming homes, and convenient lifestyle.
Public transportation in Eastwood is excellent, with Adelaide Metro buses providing regular services to the Adelaide CBD and surrounding areas. The suburb is also conveniently located near major roads such as Greenhill Road and Glen Osmond Road, making it easily accessible by car and providing quick routes to the city, southern suburbs, and the Adelaide Hills.
The suburb offers a range of amenities that cater to the needs of its residents. Eastwood is within walking distance of several shopping and dining precincts, particularly along Glen Osmond Road and Greenhill Road, where residents can find cafes, restaurants, boutique shops, and essential services. The nearby Unley Shopping Centre and Burnside Village Shopping Centre provide additional retail options, including supermarkets, specialty stores, and cafes, ensuring that residents have access to all necessary conveniences.
Educational facilities in and around Eastwood are excellent, making it a popular choice for families. The suburb is close to several well-regarded schools, including Parkside Primary School, St. Raphael's School, and Glenunga International High School. Additionally, Eastwood is near several prestigious private schools and early childhood centres, providing a wide range of educational options for families with children.
Recreational activities in Eastwood are supported by its parks, green spaces, and proximity to the Adelaide Park Lands. Eastwood Park, located within the suburb, offers a peaceful setting for relaxation and play, while the nearby Adelaide Park Lands provide extensive walking and cycling paths, sports facilities, and playgrounds. Residents also have easy access to cultural attractions in the city, including the Adelaide Botanic Garden, art galleries, and theatres, further enhancing the suburb's appeal.
Eastwood's combination of suburban tranquility, excellent transport links, and access to quality amenities makes it a highly desirable location for a diverse range of residents. The suburb's charming homes, strong community ties, and proximity to both the city and recreational areas continue to attract those seeking a balanced and convenient lifestyle in one of Adelaide's most appealing inner suburbs.