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 May 2026, the estimated population of the suburb of Eastwood (Vic.) is around 2,742 people. This figure represents a decrease of 113 individuals since the 2021 Census, which recorded a population of 2,855. The current estimate is based on AreaSearch's analysis of ABS population updates and validated new addresses following the June 2025 ERP data release by the ABS. This results in a population density ratio of 1,142 persons per square kilometer, comparable to averages across locations assessed by AreaSearch. Interstate migration contributed approximately 54.0% of overall population gains during recent periods.

AreaSearch employs 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 uses the VIC State Government's Regional/LGA projections from 2023, adjusted employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, the suburb of Eastwood (Vic.) is forecasted to experience significant population growth, with an increase of 948 persons expected based on aggregated SA2-level projections. This reflects a gain of 34.6% in total over the 16-year period.

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, allocated from statistical area data, shows Eastwood has had around 13 dwellings receiving development approval per year over the past five financial years. This totals an estimated 69 homes. So far in FY-26, 9 approvals have been recorded. Over these five years, there has been an average of 0.2 new residents per year per dwelling constructed.

New supply is keeping pace with or exceeding demand, offering ample buyer choice and creating capacity for population growth beyond current forecasts. The average value of new dwellings being developed is $408,000, indicating a focus on the premium segment with upmarket properties. There have been $3.6 million in commercial approvals this financial year, suggesting the area's residential character.

Compared to Rest of Vic., Eastwood has around two-thirds the rate of new dwelling approvals per person, placing it among the 82nd percentile nationally. However, development activity has picked up in recent periods. All new construction has been standalone homes, preserving the area's suburban nature and attracting space-seeking buyers. With around 128 people per dwelling approval, Eastwood shows characteristics of a low density area. Future projections show Eastwood adding 948 residents by 2041, according to the latest AreaSearch quarterly estimate. At current development rates, housing supply may struggle to match population growth, potentially heightening 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, significant 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, with the following list providing details on those most likely to be relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

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

Eastwood has a balanced workforce with both white and blue collar jobs, prominently featuring essential services sectors. Its unemployment rate is 4.3%, with an estimated employment growth of 5.3% over the past year, according to AreaSearch's statistical area data aggregation. As of December 2025, Eastwood has 1,157 residents employed, with an unemployment rate at 0.6% above Regional Vic.'s rate of 3.7%.

Workforce participation in Eastwood is significantly lower, at 53.1%, compared to Regional Vic.'s 61.0%. Census responses indicate that only 10.2% of residents work from home, although Covid-19 lockdown impacts should be considered. The dominant employment sectors among residents include health care & social assistance, retail trade, and construction. Eastwood shows strong specialization in retail trade, with an employment share of 1.3 times the regional level, but agriculture, forestry & fishing is under-represented at 2.8% compared to Regional Vic.'s 7.5%.

The area appears to offer limited local employment opportunities based on Census working population vs resident population counts. Over the 12 months to December 2025, employment increased by 5.3%, while labour force increased by 3.9%, reducing the unemployment rate by 1.4 percentage points. In contrast, Regional Vic.'s employment fell by 0.6%, labour force contracted by 0.7%, and unemployment fell by 0.1 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% expansion over five years and 13.7% over ten years for national employment. 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, assuming constant population projections.

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

Eastwood suburb has a lower income level compared to national averages, based on latest ATO data aggregated by AreaSearch for financial year 2023. The median income among taxpayers in Eastwood is $46,497, with an average income of $55,251. These figures contrast with those for Regional Vic., which are $50,954 and $62,728 respectively. Considering the Wage Price Index growth of 9.62% since financial year 2023, estimated incomes as of March 2026 would be approximately $50,970 (median) and $60,566 (average). According to 2021 Census figures, household, family, and personal incomes in Eastwood all fall between the 20th and 21st percentiles nationally. Income distribution shows that the $1,500 - $2,999 bracket dominates with 28.0% of residents (767 people), mirroring the broader area where 30.3% occupy this bracket. Housing costs are modest, with 87.4% of income retained. However, total disposable income ranks at just the 25th percentile nationally, and the area'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

The dwelling structure in Eastwood, as per the latest Census, consisted of 86.9% houses and 13.1% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. In comparison, Regional Vic. had a dwelling structure of 90.1% houses and 9.9% other dwellings. The home ownership level in Eastwood was higher than that of Regional Vic., at 51.9%. The remaining dwellings were either mortgaged (30.8%) or rented (17.2%). The median monthly mortgage repayment in the area was $1,417, which is lower than the Regional Vic. average of $1,430. The median weekly rent figure was recorded at $370, compared to Regional Vic.'s $285. Nationally, Eastwood's mortgage repayments are significantly lower than the Australian average of $1,863, while rents are 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 constitute the remaining 28.1%, with lone person households at 26.0% and group households comprising 2.3% of the total. The median household size is 2.4 people, which aligns with 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 (2.8%) and graduate diplomas (2.8%). Vocational credentials are prevalent, with 38.2% of residents aged 15 and above holding such qualifications, including advanced diplomas (12.5%) and certificates (25.7%). Currently, 23.8% of the population is actively engaged in formal education, with 8.6% in primary, 8.2% in secondary, and 1.6% in tertiary education.

A substantial 23.8% of the population actively pursues 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 individual route, collectively providing twenty weekly passenger trips. Transport accessibility is rated as moderate, with residents typically located 414 meters from the nearest transport stop. As a primarily residential area, most residents commute outward. The car remains the dominant mode of transport at 96%. Vehicle ownership averages 1.5 per dwelling.

According to the 2021 Census, which may reflect COVID-19 conditions, only 10.2% of residents work from home. Service frequency averages two trips per day across all routes, equating to approximately five weekly trips per individual stop.

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

Eastwood 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 very low at approximately 49% of the total population (~1,336 people), compared to the national average of 55.7%. The most common medical conditions in the area are arthritis and mental health issues, impacting 12.4% and 7.9% of residents respectively. However, 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. The area has 34.0% of residents aged 65 and over (932 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 dominant religion, comprising 53.1% of Eastwood's population, compared to 47.3% regionally. The top three ancestry groups were English (34.5%), Australian (30.1%), and Scottish (8.3%).

Notably, Dutch (1.6%) and Italian (3.3%) populations were higher than regional averages of 1.7% and 2.9%, respectively, while Maltese was slightly lower at 0.4%.

Eastwood ranks among the oldest 10% of areas nationwide

Eastwood has a median age of 50, which exceeds the Regional Vic. figure of 43 and is well above the national average of 38 years. The 75-84 age group comprises 14.7% of Eastwood's population, higher than Regional Vic., while the 55-64 cohort makes up 9.7%. This concentration in the 75-84 age group is significantly above the national figure of 6.1%. According to the 2021 Census, the 35 to 44 age group has grown from 9.5% to 10.9%, while the 55 to 64 cohort has declined from 10.8% to 9.7%. Demographic modeling indicates that Eastwood's age profile will undergo significant changes by 2041, with the 25 to 34 age group projected to increase markedly, adding 169 people (70%) from a total of 241 to reach 411.