Eastwood (Vic.)

Eastwood lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

Based on analysis of Australian Bureau of Statistics (ABS) population updates for the broader area, and new addresses validated by AreaSearch since the 2021 Census, the population of the suburb of Eastwood (Vic.) is estimated at around 2,830 as of November 2025. This reflects a decrease of 25 people (0.9%) since the 2021 Census, which reported a population of 2,855 people. The change is inferred from the resident population of 2,776, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024, and an additional 9 validated new addresses since the Census date. This level of population equates to a density ratio of 1,179 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. Over the past decade, from 2015 to 2025, Eastwood has demonstrated resilient growth patterns with a 1.2% compound annual growth rate, outpacing the SA3 area. Population growth for the area was primarily driven by interstate migration that contributed approximately 54.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the 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 also applied across all areas for years 2032 to 2041. Considering the projected demographic shifts, a significant population increase in the top quartile of national non-metropolitan areas is forecast, with the area expected to grow by 1,033 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 38.1% in total over the 17 years.

Residential development activity is lower than average in Eastwood according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers in Eastwood shows an average of around 10 new dwelling approvals annually. Between financial years FY-21 and FY-25, approximately 54 homes were approved, with a further 3 approved so far in FY-26. This averages out to about 0.8 new residents per year per dwelling constructed over the past five financial years.

The average value of these new dwellings is around $408,000, aligning with regional patterns. In contrast, commercial approvals this financial year totalled $361,000, indicating a residential focus in the area. Compared to the Rest of Vic., Eastwood has significantly less development activity, at 55.0% below the regional average per person. This constrained new construction can reinforce demand and pricing for existing dwellings.

Recent development has been entirely standalone homes, preserving Eastwood's suburban nature with an emphasis on detached housing attracting space-seeking buyers. With around 304 people per dwelling approval, Eastwood is a low density area. Population forecasts indicate Eastwood will gain approximately 1,079 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Eastwood has emerging levels of nearby infrastructure activity, ranking in the 34thth percentile nationally

No changes can influence a region's performance more than modifications to local infrastructure, significant projects, and planning initiatives. Zero projects have been identified by AreaSearch as potentially impacting this area. Notable projects include Wy Yung Acres Rural Lifestyle Subdivision, Regional Housing Fund Gippsland, Gippsland Digital Infrastructure Upgrade, and Seadragon Offshore Wind Farm, with the following list outlining those most likely to be relevant.

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

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Eastwood shows employment indicators that trail behind approximately 70% of regions assessed across Australia

Eastwood's workforce is balanced across white and blue-collar jobs, with prominent representation in essential services sectors. The unemployment rate stands at 5.0%, as aggregated by AreaSearch from statistical area data.

As of June 2025, Eastwood has 1,176 employed residents, an unemployment rate of 4.0% (1.2% above Rest of Vic.'s 3.8%), and a workforce participation rate of 49.8%, significantly lower than Rest of Vic.'s 57.4%. The dominant employment sectors are health care & social assistance, retail trade, and construction. Retail trade is notably concentrated, with employment levels at 1.3 times the regional average. Conversely, agriculture, forestry & fishing employs only 2.8% of local workers, below Rest of Vic.'s 7.5%.

The area offers limited local employment opportunities, indicated by the Census working population versus resident population count. Between Jun-24 and Jul-25, Eastwood's labour force decreased by 0.2%, employment by 0.5%, leading to a 0.4 percentage point rise in unemployment rate. Comparatively, Rest of Vic. saw an employment decline of 0.9%, labour force decline of 0.4%, and unemployment rising by 0.4 percentage points. Jobs and Skills Australia's Sep-22 national employment forecasts project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Eastwood's employment mix suggests local employment should increase by 6.4% over five years and 13.5% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not account for localised population projections.

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

AreaSearch released postcode level ATO data for financial year 2022 on Eastwood. The median income among taxpayers was $46,497 with an average of $55,251. Nationally, these figures were lower than the average. Rest of Vic.'s median was $48,741 and average was $60,693. By September 2025, estimates suggest the median would be approximately $52,151 and average $61,970, considering a 12.16% Wage Price Index growth since financial year 2022. Census 2021 data shows Eastwood's household, family, and personal incomes all fall between the 20th and 21st percentiles nationally. The $1,500 - 2,999 income bracket dominates with 28.0% of residents (792 people), consistent with surrounding regions at 30.3%. Housing costs are modest, with 87.4% of income retained. However, total disposable income ranks at the 25th percentile nationally and Eastwood's SEIFA income ranking places it in the 4th decile.

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

Eastwood's dwelling structure, as per the latest Census, consisted of 86.9% houses and 13.1% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Non-Metro Vic.'s dwelling structure was 90.9% houses and 9.2% other dwellings. Home ownership in Eastwood was 51.9%, with the rest being mortgaged (30.8%) or rented (17.2%). The median monthly mortgage repayment was $1,417, higher than Non-Metro Vic.'s average of $1,300. The median weekly rent figure in Eastwood was $370, compared to Non-Metro Vic.'s $268. Nationally, Eastwood's mortgage repayments were lower at $1,417 versus Australia's average of $1,863, and rents were also lower at $370 compared to the national figure of $375.

Eastwood has a typical household mix, with a higher-than-average median household size

Family households are present in 71.9% of all households, including couples with children at 25.4%, couples without children at 36.7%, and single parent families at 9.0%. Non-family households make up the remaining 28.1%, with lone person households accounting for 26.0% and group households comprising 2.3% of the total. The median household size is 2.4 people, which is larger than the Rest of Vic. average of 2.2.

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 and graduate diplomas at 2.8% each. Vocational credentials are prominent, with 38.2% of residents aged 15+ holding them, including advanced diplomas (12.5%) and certificates (25.7%). A total of 23.8% of the population is actively pursuing formal education, with 8.6% in primary, 8.2% in secondary, and 1.6% in tertiary education.

Lucknow Primary School serves Eastwood, enrolling 537 students, and offers typical Australian educational conditions (ICSEA: 979). The area has one school focusing on primary education, with secondary options available nearby. It functions as an education hub, providing 19.0 school places per 100 residents, higher than the regional average of 12.1, and attracting students from surrounding communities.

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 currently operating. These stops serve a mix of bus routes, with one route providing all services. Together, they facilitate 20 weekly passenger trips.

Transport accessibility is moderate, with residents typically located 414 meters from the nearest stop. Service frequency averages two trips per day across all routes, resulting in approximately five weekly trips per individual stop.

Health performance in Eastwood is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Eastwood faces significant health challenges, with common conditions prevalent across both younger and older age groups. Private health cover stands at approximately 49%, or around 1,379 people, compared to Victoria's average of 46.4% and the national average of 55.3%. The most frequent medical issues are arthritis (affecting 12.4%) and mental health concerns (7.9%), with 60.8% reporting no medical ailments, slightly higher than Rest of Vic.'s 60.1%.

Eastwood has a larger senior population at 33.2%, or 939 people, compared to Victoria's average of 30.5%. Health outcomes among seniors are challenging but perform better than the general population in health metrics.

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 shows low diversity, with 86.2% born in Australia, 91.9% being citizens, and 94.9% speaking English only at home. Christianity is the dominant religion, practiced by 53.1%, compared to 44.9% regionally. The top three ancestry groups are English (34.5%), Australian (30.1%), and Scottish (8.3%).

Notably, Dutch (1.6%) and Italian (3.3%) populations exceed regional averages of 1.9% and 2.5%, respectively, while Maltese remains similar at 0.4%.

Eastwood ranks among the oldest 10% of areas nationwide

Eastwood has a median age of 49, which exceeds the Rest of Vic. figure of 43 and is higher than Australia's median age of 38 years. The 75-84 cohort is notably over-represented in Eastwood at 13.9%, compared to the Rest of Vic.'s average and the national figure of 6%. The 55-64 year-olds are under-represented, making up 9.7% of the population, compared to the Rest of Vic.'s average. Between 2021 and present, the 15-24 age group has grown from 9.4% to 10.7%, while the 35-44 cohort increased from 9.5% to 10.6%. Conversely, the 55-64 cohort has declined from 10.8% to 9.7%. Looking ahead to 2041, demographic projections indicate significant shifts in Eastwood's age structure, with the 25-34 age cohort projected to increase markedly by 201 people (79%), from 254 to 456.