Eastwood (Vic.)

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

As of Feb 2026, the estimated population of the suburb of Eastwood (Vic.) is around 3,040. This figure reflects an increase of 185 people since the 2021 Census, which reported a population of 2,855 people in the area. The change was inferred from AreaSearch's resident population estimate of 2,873 following examination of the ABS's latest ERP data release (June 2024) and nine validated new addresses since the Census date. This results in a population density ratio of 1,266 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. Over the past decade, Eastwood has shown resilient growth patterns with a compound annual growth rate of 1.9%, outperforming its SA3 area. Interstate migration contributed approximately 54.0% of overall population gains in recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024, using 2022 as the base year. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are applied across all areas for years 2032 to 2041. Considering projected demographic shifts, the suburb is forecasted to experience significant population increase in the top quartile of national non-metropolitan areas, with an expected growth of 1,011 persons by 2041 based on aggregated SA2-level projections, reflecting a total increase of 27.8% over the 17 years.

AreaSearch analysis of residential development drivers sees Eastwood recording a relatively average level of approval activity when compared to local markets analysed countrywide

AreaSearch analysis of ABS building approval numbers in Eastwood shows an average of around 13 new dwelling approvals annually. Between FY-21 and FY-25, approximately 69 homes were approved, with another 7 approved so far in FY-26. This results in about 0.9 new residents per year per dwelling constructed over the past five financial years.

The average construction value of these dwellings is around $408,000, indicating a focus on the premium market. In FY-26, there have been approximately $3.6 million in commercial approvals, reflecting Eastwood's primarily residential nature. Compared to Rest of Vic., Eastwood has about two-thirds the rate of new dwelling approvals per person, but it ranks among the 82nd percentile nationally for development activity.

All approved construction in recent periods has been standalone homes, preserving Eastwood's suburban character and attracting space-seeking buyers. With around 128 people per dwelling approval, Eastwood is considered a low-density area. According to AreaSearch's latest quarterly estimate, Eastwood is projected to add approximately 844 residents by 2041. If current development rates continue, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.

Eastwood has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

No changes can influence a region's performance more than alterations to local infrastructure, major projects, and planning initiatives. Zero projects have been identified by AreaSearch that could potentially impact this area. Notable projects include Wy Yung Acres Rural Lifestyle Subdivision, Regional Housing Fund Gippsland, Gippsland Digital Infrastructure Upgrade, and Seadragon Offshore Wind Farm. The following list details those likely to be most relevant.

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

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The employment landscape in Eastwood shows performance that lags behind national averages across key labour market indicators

Eastwood maintains a balanced workforce with both white and blue collar jobs. Key sectors include essential services, with an unemployment rate of 4.4% as of AreaSearch's aggregation in December 2025. Employment growth over the past year was estimated at 7.0%.

By December 2025, 1,234 residents were employed, but the unemployment rate was higher than Regional Vic.'s by 0.7%, standing at 4.4%. Workforce participation in Eastwood lagged behind Regional Vic., at 53.9% compared to 61.5%. Census data showed that only 10.2% of residents worked from home, potentially influenced by Covid-19 lockdowns. Dominant employment sectors were health care & social assistance, retail trade, and construction.

Retail trade was particularly strong, with an employment share 1.3 times the regional level. Conversely, agriculture, forestry & fishing was under-represented at 2.8% compared to Regional Vic.'s 7.5%. Limited local employment opportunities were indicated by the resident-to-working population ratio. Between December 2024 and 2025, employment increased by 7.0%, while labour force grew by 5.6%, reducing the unemployment rate by 1.3 percentage points. In contrast, Regional Vic.'s employment fell by 0.6%, labour force contracted by 0.7%, and unemployment decreased by 0.1%. National employment forecasts from Jobs and Skills Australia, issued in May-25, project national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Eastwood's employment mix suggests local growth could reach 6.4% over five years and 13.5% over ten years, though this is a simplified extrapolation for illustrative purposes only.

Income figures position the area below 75% of locations analysed nationally by AreaSearch

The suburb of Eastwood had a median income among taxpayers of $46,497 and an average income of $55,251 in financial year 2023. These figures were lower than the national averages for Regional Vic., which stood at $50,954 and $62,728 respectively. By September 2025, estimates based on Wage Price Index growth of 8.25% suggest the median income in Eastwood would be approximately $50,333 and the average income around $59,809. According to the 2021 Census, incomes in Eastwood fell between the 20th and 21st percentiles nationally for households, families, and individuals. The income distribution showed that 28.0% of residents (851 people) earned between $1,500 and $2,999, similar to the broader area where 30.3% fell into this bracket. Despite modest housing costs allowing for 87.4% of income retention, Eastwood's total disposable income ranked at the 25th percentile nationally. The suburb's SEIFA income ranking placed it in the 4th decile.

Eastwood is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

In Eastwood, as per the latest Census evaluation, 86.9% of dwellings were houses, with the remaining 13.1% being semi-detached homes, apartments, or other types. This compares to Regional Vic., where 90.1% of dwellings are houses and 9.9% are other types. Home ownership in Eastwood stood at 51.9%, with mortgaged dwellings at 30.8% and rented ones at 17.2%. The median monthly mortgage repayment in the area was $1,417, lower than Regional Vic.'s average of $1,430. The median weekly rent figure in Eastwood was $370, compared to Regional Vic.'s $285. Nationally, Eastwood's mortgage repayments were significantly lower than the Australian average of $1,863, and rents were less than the national figure of $375.

Eastwood has a typical household mix, with a fairly typical median household size

Family households account for 71.9% of all households, including 25.4% couples with children, 36.7% couples without children, and 9.0% single parent families. Non-family households make up the remaining 28.1%, with lone person households at 26.0% and group households comprising 2.3%. The median household size is 2.4 people, which matches the Regional Vic. average.

Educational outcomes in Eastwood fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

The area's university qualification rate is 16.4%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 10.8%, followed by postgraduate qualifications at 2.8% and graduate diplomas also at 2.8%. Vocational credentials are prevalent, with 38.2% of residents aged 15 and above holding them. Advanced diplomas account for 12.5% and certificates for 25.7%.

Currently, 23.8% of the population is actively engaged in formal education. This includes 8.6% in primary education, 8.2% in secondary education, and 1.6% pursuing tertiary education.

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

Eastwood has four active public transport stops operating within it. These stops are serviced by one route collectively providing twenty weekly passenger trips. Transport accessibility is rated as moderate with residents typically located 414 meters from the nearest stop. Most residents commute outward due to its primarily residential nature. Cars remain the dominant mode of transportation at 96%, with an average vehicle ownership of 1.5 per dwelling. According to the 2021 Census, a relatively low 10.2% of residents work from home, which may reflect COVID-19 conditions.

Service frequency averages two trips per day across all routes, equating to approximately five weekly trips per individual stop.

Health outcomes in Eastwood are marginally below the national average with common health conditions somewhat prevalent across both younger and older age cohorts

Eastwood's health indicators show below-average outcomes based on AreaSearch's assessment of mortality rates and chronic condition prevalence. Common health conditions are somewhat prevalent across both younger and older age cohorts.

Private health cover is very low at approximately 49% of the total population, around 1,482 people, compared to the national average of 55.7%. The most common medical conditions in the area are arthritis and mental health issues, affecting 12.4% and 7.9% of residents respectively. Approximately 60.8% of residents declare themselves completely clear of medical ailments, compared to 63.4% across Regional Vic. Health outcomes among the working-age population are broadly typical. Eastwood has 33.1% of residents aged 65 and over, totaling 1,006 people, which is higher than the 23.9% in Regional Vic. Health outcomes among seniors present some challenges, with national rankings broadly in line with the general population.

Eastwood is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Eastwood's population showed low cultural diversity, with 86.2% born in Australia, 91.9% being citizens, and 94.9% speaking English only at home. Christianity was the predominant religion, accounting for 53.1%, compared to 47.3% regionally. The top three ancestral groups were English (34.5%), Australian (30.1%), and Scottish (8.3%).

Notably, Dutch (1.6%) and Italian (3.3%) were slightly overrepresented, while Maltese (0.4%) was marginally underrepresented compared to regional averages.

Eastwood ranks among the oldest 10% of areas nationwide

Eastwood's median age is 49, which exceeds Regional Vic.'s figure of 43 and is above Australia's 38 years. The 75-84 cohort is notably over-represented in Eastwood at 13.8%, compared to the Regional Vic. average, while the 55-64 age group is under-represented at 9.6%. This concentration of the 75-84 cohort is well above the national figure of 6.1%. Between 2021 and the present, the 35 to 44 age group has grown from 9.5% to 11.0%, and the 15 to 24 cohort increased from 9.4% to 10.5%. Conversely, the 55 to 64 cohort declined from 10.8% to 9.6%, and the 65 to 74 group dropped from 15.1% to 14.0%. By 2041, demographic projections show significant shifts in Eastwood's age structure. The 25 to 34 age cohort is projected to increase markedly by 173 people (61%), from 282 to 456. Meanwhile, the 75 to 84 cohort grows by a modest 6%, adding 23 people.