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

Based on ABS population updates and new addresses validated by AreaSearch, the Eastwood (Vic.) statistical area's population is estimated at around 3,035 as of Nov 2025. This reflects an increase of 180 people since the 2021 Census, which reported a population of 2,855. The change is inferred from AreaSearch's estimate of 2,873 residents following examination of ABS' latest ERP data release (June 2024) and nine additional validated new addresses since the Census date. This level of population equates to a density ratio of 1,264 persons per square kilometer, above the average seen across national locations assessed by AreaSearch. Over the past decade, Eastwood has demonstrated resilient growth patterns with a compound annual growth rate of 1.2%, outpacing the SA3 area. Population growth was primarily driven by interstate migration contributing approximately 54.0% of overall population gains during recent periods.

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 VIC State Government's Regional/LGA projections released in 2023, adjusting using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Considering projected demographic shifts, a significant population increase is forecast for Eastwood (Vic.) (SA2), with an expected growth of 1,036 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 28.9% 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, allocated from statistical area data, indicates Eastwood averaged around 13 new dwelling approvals annually. Over the past five financial years (between FY-21 and FY-25), an estimated 69 homes were approved, with a further 6 approved so far in FY-26. On average, 0.7 new residents per year per dwelling constructed have been recorded over these five financial years.

This suggests that new construction is meeting or exceeding demand, providing more options for buyers and enabling population growth. The average expected construction cost value of new dwellings developed is $408,000, indicating a focus on the premium market with high-end developments. In FY-26, there have been $3.6 million in commercial approvals, reflecting Eastwood's primarily residential nature.

Compared to Rest of Vic., Eastwood has around two-thirds the rate of new dwelling approvals per person, while it ranks among the 82nd percentile nationally when assessed areas are considered. Recent periods have seen an increase in development activity. All new construction in Eastwood has been standalone homes, preserving its suburban nature and attracting space-seeking buyers. With approximately 128 people per dwelling approval, Eastwood exhibits characteristics of a low density area. The latest AreaSearch quarterly estimate projects Eastwood to add 877 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 30% nationally

No infrastructure changes are anticipated in this area. Zero projects have been identified by AreaSearch as potentially impactful. Key initiatives include Wy Yung Acres Rural Lifestyle Subdivision, Regional Housing Fund Gippsland (2018-ongoing), Gippsland Digital Infrastructure Upgrade (commenced 2020), and Seadragon Offshore Wind Farm (planned for 2025).

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

Eastwood's workforce is balanced across white and blue-collar jobs, with prominent sectors including health care & social assistance, retail trade, and construction. The unemployment rate in September 2025 was 4.5%, a growth of 5.3% from the previous year.

This rate is 0.8% higher than Rest of Vic.'s rate of 3.8%. Workforce participation in Eastwood is lower at 49.8%, compared to Rest of Vic.'s 57.4%. The area shows strong specialization in retail trade, with an employment share 1.3 times the regional level, while agriculture, forestry & fishing is under-represented at 2.8% compared to Rest of Vic.'s 7.5%. Over the year to September 2025, employment increased by 5.3%, and labour force increased by 4.1%, reducing the unemployment rate by 1.1 percentage points.

In contrast, Rest of Vic. saw a decrease in employment and an increase in unemployment. State-level data from 25-Nov shows VIC employment grew by 1.13% year-on-year, with an unemployment rate of 4.7%. National employment forecasts suggest a growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Eastwood's employment mix indicates local employment should increase by 6.4% over five years and 13.5% over ten years.

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

The suburb of Eastwood had a lower than average income level on a national basis according to the latest ATO data aggregated by AreaSearch for the financial year ended 30 June 2023. The median income among taxpayers in Eastwood was $46,497 and the average income stood at $55,251. In comparison, the Rest of Vic.'s figures were $50,954 (median) and $62,728 (average). Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Eastwood would be approximately $50,333 (median) and $59,809 (average) as of September 2025. According to the Census conducted in August 2021, household, family, and personal incomes in Eastwood all fell between the 20th and 21st percentiles nationally. In terms of income distribution, the $1,500 - 2,999 bracket dominated with 28.0% of residents (849 people), similar to the broader area where 30.3% occupied this bracket. Despite modest housing costs allowing for 87.4% of income retention, total disposable income ranked at just the 25th percentile nationally, and the area'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

Eastwood's dwelling structures, as per the latest Census, consisted of 86.9% houses and 13.1% other dwellings. In comparison, Non-Metro Vic.'s figures were 90.9% houses and 9.2% other dwellings. 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 was $1,417, higher than Non-Metro Vic.'s average of $1,300. The median weekly rent in Eastwood was $370, compared to Non-Metro Vic.'s $268. Nationally, Eastwood's mortgage repayments were lower at $1,417 versus the Australian 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 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, 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 (2.8%) and graduate diplomas (2.8%). 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 engaged in formal education, comprising 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, all of which are bus stops. These stops are served by one route collectively offering 20 weekly passenger trips. The accessibility of transport in Eastwood is moderate, with residents typically located 414 meters from the nearest stop.

On average, there are two trips per day across all routes, equating to 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 is low at approximately 49% (about 1,479 people), compared to Victoria's 46.6%. Nationally, it stands at 55.7%.

The most common conditions are arthritis (12.4%) and mental health issues (7.9%). Around 60.8% of residents report no medical ailments, slightly higher than Rest of Vic.'s 60.1%. Eastwood has a higher proportion of seniors aged 65 and over at 33.4% (1,013 people), compared to Victoria's 30.5%. Health outcomes among seniors present some challenges 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, surveyed in June 2016, had a low cultural diversity with 86.2% of its population born in Australia, 91.9% being citizens, and 94.9% speaking English only at home. Christianity was the predominant religion, accounting for 53.1% of Eastwood's population, compared to 44.9% across Rest of Vic.. The top three ancestry groups were English (34.5%), Australian (30.1%), and Scottish (8.3%).

Notably, Dutch (1.6%) was overrepresented compared to the regional average of 1.9%, Italian (3.3%) also exceeded its regional figure of 2.5%, while Maltese remained similar at 0.4%.

Eastwood ranks among the oldest 10% of areas nationwide

Eastwood's median age is 49, which exceeds the Rest of Vic.'s figure of 43 and is above Australia's median age of 38. Compared to the Rest of Vic., Eastwood has an over-representation of the 75-84 cohort at 14.0%, while the 55-64 year-olds are under-represented at 9.8%. This concentration of the 75-84 age group is higher than the national average of 6.0%. Between 2021 and present, Eastwood's population has seen an increase in the 15 to 24 age group from 9.4% to 10.7%, and a rise in the 35 to 44 cohort from 9.5% to 10.7%. Conversely, the 55 to 64 age group has decreased from 10.8% to 9.8%. By 2041, demographic projections indicate significant shifts in Eastwood's age structure. The 25 to 34 cohort is projected to increase by 184 people (68%) from 273 to 458, while the 75 to 84 cohort grows modestly by 9 people (2%).