Crestwood

Population growth drivers in Crestwood are above average based on AreaSearch's ranking of recent, and medium to long-term trends

As of May 2026, the estimated population of Crestwood is around 4,830, reflecting a decrease of 106 people since the 2021 Census which reported a population of 4,936. This estimation is based on AreaSearch's validation of new addresses following examination of the latest ERP data release by the ABS in June 2025. The population density ratio is approximately 2,464 persons per square kilometer, placing Crestwood in the upper quartile relative to national locations assessed by AreaSearch. Overseas migration contributed around 73% of overall population gains during recent periods. Population projections for Crestwood are based on ABS/Geoscience Australia data released in 2024 with a base year of 2022, and NSW State Government's SA2 level projections released in 2022 with a base year of 2021 for areas not covered by the former.

By 2041, Crestwood is expected to have a population increase of 1,291 persons, reflecting a gain of approximately 26.7% over the 16 years.

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

Crestwood has seen minimal construction activity with three new dwellings approved annually on average over the past five years, totalling 16. This low development level reflects its rural nature where housing needs drive development rather than broad market demand. Yearly growth figures and relativities can vary significantly due to the low approval numbers.

Crestwood's construction activity is notably lower than Rest of NSW and below national averages. New developments consist of 33.0% detached dwellings and 67.0% townhouses or apartments, favouring higher-density living for affordability and suitability for downsizers, investors, and first-home buyers. With approximately 1406 people per dwelling approval, Crestwood indicates a highly mature market. By 2041, Crestwood is projected to grow by 1,291 residents according to the latest AreaSearch quarterly estimate. If current development rates persist, housing supply may not keep pace with population growth, potentially intensifying buyer competition and supporting stronger price growth.

Looking ahead, Crestwood is expected to grow by 1,291 residents through to 2041 (from the latest AreaSearch 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 has identified one major project expected to influence this region: Yass Road, Bungendore Road and Ellerton Drive Intersection Upgrade; Queanbeyan Regional Integrated Transport Plan; Queanbeyan CBD Towers; Queanbeyan Sewage Treatment Plant Upgrade. The following projects are likely most relevant.

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Employment conditions in Crestwood demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Crestwood has a well-educated workforce with key services sectors well represented. Its unemployment rate is 2.5%, as per AreaSearch's statistical area data aggregation. As of December 2025, 2,842 residents are employed while the unemployment rate is 1.5% lower than Regional NSW's rate of 3.9%.

Workforce participation in Crestwood stands at 72.2%, surpassing Regional NSW's 60.5%. Census data reveals that only 7.6% of residents work from home, though Covid-19 lockdown impacts should be considered. Dominant employment sectors include public administration & safety, health care & social assistance, and construction. Notably, public administration & safety has a concentration 3.1 times the regional average.

Conversely, agriculture, forestry & fishing is under-represented with only 0.2% of Crestwood's workforce compared to Regional NSW's 5.3%. The predominantly residential area may offer limited local employment opportunities, as indicated by Census working population vs resident population counts. Over a 12-month period ending December 2025, labour force decreased by 5.2%, employment declined by 4.5%, leading to a 0.7 percentage point drop in unemployment. Meanwhile, Regional NSW experienced employment decline of 1.2% and labour force decline of 0.8%, with an unemployment increase of 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Crestwood. These projections estimate national employment growth by 6.6% over five years and 13.7% over ten years, with varying rates across industry sectors. Applying these projections to Crestwood's employment mix suggests local employment should increase by 6.2% over five years and 12.9% over ten years.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

Crestwood's median taxpayer income is $57,137, averaging at $67,268 based on AreaSearch's postcode level ATO data for FY 2023. Nationally, the median income is $64,951 and average is $77,098. In Regional NSW, these figures are $52,390 and $65,215 respectively. With a 10.32% increase since FY 2023 (Wage Price Index), current estimates for Crestwood would be approximately $63,034 median and $74,210 average by March 2026. The suburb's personal income ranks at the 77th percentile ($982 weekly) and household income at the 48th percentile. In terms of earnings bands, 35.7% (1,724 individuals) fall within the $1,500 - 2,999 range, aligning with broader trends showing 29.9%. Housing affordability pressures are severe, with only 84.1% of income remaining, 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 data, consisted of 45.7% houses and 54.3% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Regional NSW's 82.6% houses and 17.4% 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, aligning with Regional NSW's average. The median weekly rent was $320, compared to Regional NSW's $330. Nationally, Crestwood's mortgage repayments were lower than the Australian average of $1,863, and rents were 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, consisting of 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 making up 38.8% and group households comprising 3.9%. The median household size is 2.2 people, which is smaller than the Regional NSW average of 2.4.

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

The area's university qualification rate of 30.2%, among residents aged 15+, exceeds the Rest of NSW average of 21.3% and the SA4 region's rate of 24.1%. Bachelor degrees are the most common at 17.3%, followed by postgraduate qualifications (10.6%) and graduate diplomas (2.3%). Vocational credentials are held by 33.0% of residents aged 15+, with advanced diplomas at 11.1% and certificates at 21.9%.

Educational participation is high, with 26.7% of residents currently enrolled in formal education. This includes 8.3% in primary education, 5.5% in tertiary education, and 5.0% pursuing secondary education.

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

Crestwood has 30 active public transport stops, all of which are bus stops. These stops are served by 31 different routes that together facilitate 536 weekly passenger trips. The accessibility of these transport services is rated as excellent, with residents typically located just 145 meters from the nearest stop. As a primarily residential area, most commuting in Crestwood is outward-bound, with cars being the dominant mode of transportation at 90%. On average, there are 1.1 vehicles per dwelling, which is below the regional average. According to the 2021 Census, only 7.6% of residents work from home, a figure that may be influenced by COVID-19 conditions.

The service frequency across all routes averages 76 trips per day, equating to approximately 17 weekly trips per individual stop.

Health performance in Crestwood is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Crestwood faces significant health challenges based on AreaSearch's assessment.

Mortality rates and chronic condition prevalence are high, with common health conditions prevalent across both younger and older age cohorts. Private health cover is prevalent at approximately 54% of the total population (~2,585 people), leading that of the average SA2 area. The most common medical conditions in the area are mental health issues impacting 9.8% of residents and asthma impacting 8.1%. 68.5% of residents declared themselves completely clear of medical ailments compared to 63.3% across Regional NSW. Working-age residents show an above average prevalence of chronic health conditions. The area has 12.0% of residents aged 65 and over (579 people), which is lower than the 23.4% in Regional NSW. Health outcomes among seniors present some challenges, with national rankings broadly in line with the general population.

The level of cultural diversity witnessed in Crestwood was found to be above average when compared nationally for a number of language and cultural background related metrics

Crestwood's population was found to be more culturally diverse than most local markets, with 29.9% born overseas and 26.7% speaking a language other than English at home. Christianity is the predominant religion in Crestwood, comprising 46.6% of its population. Notably, the 'Other' religious category makes up 3.7%, compared to Regional NSW's average of 0.8%.

In terms of ancestry, Australian descent comprises 23.2% of Crestwood's population, lower than the regional average of 30.0%. English ancestry is also lower at 22.4% (compared to 30.5% regionally), while 'Other' ancestry is substantially higher at 14.5% (versus 4.8%). Certain ethnic groups show notable variations: Macedonian at 1.6% in Crestwood versus 0.4% regionally, Hungarian at 0.4% versus 0.2%, and Croatian at 1.1% versus 0.3%.

Crestwood's population is younger than the national pattern

Crestwood's median age in 2021 was 34 years, which is lower than Regional NSW's figure of 43 and Australia's national average of 38 years. The 25-34 age group made up 23.5% of Crestwood's population, significantly higher than the Regional NSW average of 17.6%. Conversely, the 65-74 year-olds constituted only 7.3%, lower than the regional and national averages. Nationally, the 25-34 age group comprised 14.6%. Between 2021 and present, the 35-44 age group has increased from 14.7% to 16.9%, while the 25-34 cohort rose from 22.2% to 23.5%. Meanwhile, the 55-64 age group decreased from 10.0% to 8.9%. By 2041, demographic modeling projects significant changes in Crestwood's age profile. The 25-34 cohort is expected to expand by 406 people (36%), reaching 1,542 individuals. In contrast, the 55-64 cohort will grow modestly by 4%, adding 18 people.