Crestwood

Population growth drivers in Crestwood are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

The population of Crestwood, as estimated by AreaSearch using ABS data and validated addresses, stands at approximately 4,914 as of November 2025. This figure represents a decrease from the 2021 Census count of 4,936 people, marking a decline of 22 individuals (0.4%). The current population is inferred from AreaSearch's estimate of 4,910 residents following an examination of ABS' latest ERP data release in June 2024 and the validation of 12 new addresses since the Census date. This results in a population density ratio of 2,507 persons per square kilometer, placing Crestwood in the upper quartile relative to other locations assessed by AreaSearch nationwide. Overseas migration has been the primary driver for population growth in Crestwood during recent periods, contributing approximately 73.0% of overall population gains.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises the NSW State Government's SA2 level projections, released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. In examining future population trends for Crestwood, a significant increase is forecasted, placing it in the top quartile of Australian non-metropolitan areas. Based on aggregated SA2-level projections, the suburb's population is expected to grow by 1,460 persons to reach 2041, reflecting an overall increase of 30.3% over the 17-year period.

The level of residential development activity in Crestwood is very low in comparison to the average area assessed nationally by AreaSearch

Crestwood had minimal construction activity with 3 new dwellings approved annually between 2016 and 2020. This totals to 19 dwellings over the five-year period. The low development levels reflect Crestwood's rural nature, where housing needs typically drive development rather than broad market demand.

Note that the small sample size means individual projects can significantly influence annual growth statistics. Compared to Rest of NSW and national averages, Crestwood has much lower development activity. New developments consisted of 33.0% standalone homes and 67.0% medium and high-density housing. This focus on higher-density living creates more affordable entry points for downsizers, investors, and first-home buyers. As of 2021, Crestwood had approximately 1413 people per dwelling approval, indicating an established market.

By 2041, Crestwood is projected to grow by 1,488 residents according to AreaSearch's latest quarterly estimate. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Crestwood has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified two projects likely affecting the region: Spotlight Queanbeyan Retail Redevelopment, and Yass Road, Bungendore Road and Ellerton Drive Intersection Upgrade in Queanbeyan. Other key projects include the Queanbeyan Regional Integrated Transport Plan and Queanbeyan CBD Towers. Below are details of those most relevant.

Professional plan users can use the search below to filter and access additional projects.

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AreaSearch analysis indicates Crestwood maintains employment conditions that align with national benchmarks

Crestwood has an educated workforce with significant representation in essential services sectors. Its unemployment rate is 3.2%, as per AreaSearch's aggregation of statistical area data.

As of June 2025, 2937 residents are employed while the unemployment rate is 0.5% lower than Rest of NSW's rate of 3.7%. Workforce participation is high at 69.9%, compared to Rest of NSW's 56.4%. Major employment industries include public administration & safety, health care & social assistance, and construction. Public administration & safety has a strong presence with an employment share 3.1 times the regional level.

Conversely, agriculture, forestry & fishing is less represented at 0.2% compared to the regional average of 5.3%. The area offers limited local employment opportunities, indicated by the difference between Census working population and resident population. Between Jun-24 and Jul-25, labour force decreased by 4.0% while employment declined by 4.8%, leading to a rise in unemployment rate by 0.9 percentage points. In comparison, Rest of NSW saw an employment decline of 0.1%, labour force growth of 0.3%, and an unemployment increase of 0.4 percentage points. Jobs and Skills Australia's Sep-22 national employment forecasts project overall employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Crestwood's employment mix suggests local employment could grow by 6.2% in five years and 12.9% in ten years, though this is a simple extrapolation for illustrative purposes only.

The economic profile demonstrates above-average performance, with income metrics exceeding national benchmarks based on AreaSearch comparative assessment

AreaSearch's latest postcode level ATO data for financial year 2022 indicates Crestwood's median income among taxpayers is $57,137, with an average of $67,268. This is slightly above the national average. Rest of NSW has a median income of $49,459 and an average of $62,998. By September 2025, estimates suggest Crestwood's median income will be approximately $64,342 and average income $75,750, based on Wage Price Index growth of 12.61% since financial year 2022. According to the 2021 Census, personal income ranks at the 77th percentile ($982 weekly), while household income is at the 48th percentile. The largest earnings segment comprises 35.7% earning $1,500 - $2,999 weekly (1,754 residents). Housing affordability pressures are severe, with only 84.1% of income remaining after housing costs, ranking at the 49th percentile. Crestwood's SEIFA income ranking places it in the 5th decile.

Crestwood displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

Crestwood's dwelling structures, as per the latest Census, consisted of 45.7% houses and 54.3% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Non-Metro NSW's 74.5% houses and 25.5% other dwellings. Home ownership in Crestwood stood at 23.4%, with mortgaged dwellings at 34.2% and rented ones at 42.4%. The median monthly mortgage repayment was $1,733, significantly lower than Non-Metro NSW's average of $2,167. Weekly rent in Crestwood was recorded at $320, compared to Non-Metro NSW's $355. Nationally, Crestwood's median monthly mortgage repayment of $1,733 is lower than the Australian average of $1,863, and weekly rents of $320 are substantially below the national figure of $375.

Crestwood features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households account for 57.4% of all households, including 23.0% couples with children, 22.8% couples without children, and 10.1% single parent families. Non-family households constitute the remaining 42.6%, with lone person households at 38.8% and group households comprising 3.9%. The median household size is 2.2 people, which is smaller than the Rest of NSW average of 2.6.

Educational attainment in Crestwood aligns closely with national averages, showing typical qualification patterns and performance metrics

The area's university qualification rate is notably high at 30.2%, surpassing both the Rest of NSW average (21.3%) and the SA4 region average (24.1%). Bachelor degrees are most prevalent at 17.3%, followed by postgraduate qualifications (10.6%) and graduate diplomas (2.3%). Vocational credentials are also common, with 33.0% of residents aged 15+ holding such qualifications, including advanced diplomas (11.1%) and certificates (21.9%).

Educational participation is high, with 26.7% of residents currently enrolled in formal education. This includes primary education (8.3%), tertiary education (5.5%), and secondary education (5.0%). Crestwood's three schools have a combined enrollment of 1,015 students, with typical Australian school conditions (ICSEA: 1004) providing balanced educational opportunities. The area offers one primary, one secondary, and one K-12 school. It functions as an education hub with 20.7 school places per 100 residents, significantly above the regional average of 10.0, attracting students from surrounding communities.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Crestwood has 19 active public transport stops, all of which are bus stops. These stops are served by 31 different routes, offering a total of 530 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 148 meters to the nearest stop.

On average, there are 75 trips per day across all routes, equating to about 27 weekly trips per individual stop.

Crestwood's residents are relatively healthy in comparison to broader Australia with common health conditions somewhat prevalent across both younger and older age cohorts

Crestwood's health metrics are close to national benchmarks, with common health conditions prevalent across both younger and older age cohorts. The rate of private health cover is approximately 54% of the total population (around 2,630 people), compared to 61.0% across Rest of NSW.

Mental health issues and asthma are the most common medical conditions in the area, impacting 9.8 and 8.1% of residents respectively. About 68.5% of residents declare themselves completely clear of medical ailments, compared to 68.7% across Rest of NSW. As of December 2021, 11.7% of residents are aged 65 and over (around 574 people), which is lower than the 13.4% in Rest of NSW. Health outcomes among seniors present some challenges, broadly in line with the general population's health profile.

Crestwood was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Crestwood was found to have a higher cultural diversity than most local markets, with 29.9% of its population born overseas and 26.7% speaking a language other than English at home. Christianity is the predominant religion in Crestwood, making up 46.6% of the population. Notably, the category 'Other' comprises 3.7% of Crestwood's population, which is higher than the Rest of NSW average of 1.6%.

In terms of ancestry, the top three groups are Australian (23.2%), English (22.4%), and Other (14.5%), with the latter being significantly higher than the regional average of 7.9%. Additionally, there are notable differences in the representation of certain ethnic groups: Macedonian at 1.6% compared to the regional average of 1.5%, Hungarian at 0.4% versus 0.3%, and Croatian at 1.1% against the regional average of 0.9%.

Crestwood's population is younger than the national pattern

Crestwood's median age is 34, which is lower than Rest of NSW's figure of 43 and Australia's figure of 38. Compared to Rest of NSW average, Crestwood has an over-representation of the 25-34 cohort at 24.0%, while the 65-74 year-olds are under-represented at 6.8%. This 25-34 concentration is higher than the national figure of 14.5%. Between 2021 and present, the 25 to 34 age group has increased from 22.2% to 24.0%, while the 35 to 44 cohort has increased from 14.7% to 16.0%. Conversely, the 5 to 14 cohort has declined from 10.2% to 9.0%, and the 65 to 74 group has dropped from 7.9% to 6.8%. By 2041, demographic modeling suggests Crestwood's age profile will significantly change. The 25 to 34 age cohort is projected to expand by 512 people (43%) from 1,179 to 1,692, while the 55 to 64 cohort grows modestly by 1% (5 people).