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

The population of the suburb of Eastwood (Vic.) is estimated to be around 3,040 as of Feb 2026. This reflects an increase of 185 people since the 2021 Census, which reported a population of 2,855 people. The change is inferred from AreaSearch's estimation of the resident population at 2,873 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 1,266 persons per square kilometer, which is 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 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 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 approximately 13 new dwelling approvals annually. Between FY-21 and FY-25, around 69 homes were approved, with another 6 approved in FY-26 so far. Over the past five financial years, an average of 0.7 new residents per year per dwelling was recorded.

This suggests that new construction is meeting or exceeding demand, providing more options for buyers and facilitating population growth. The average value of new dwellings constructed 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.

Comparatively, Eastwood has around two-thirds the rate of new dwelling approvals per person when measured against Rest of Vic., while it ranks among the 82nd percentile nationally. However, development activity has increased recently. All new construction in Eastwood has been standalone homes, preserving its suburban character and attracting space-seeking buyers. With approximately 128 people per dwelling approval, Eastwood exhibits characteristics of a low density area. According to AreaSearch's latest quarterly estimate, Eastwood is projected to add around 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 40% nationally

AreaSearch has identified 0 projects that may impact this area's performance. Key projects include Wy Yung Acres Rural Lifestyle Subdivision, Regional Housing Fund Gippsland, Gippsland Digital Infrastructure Upgrade, and Seadragon Offshore Wind Farm.

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 white and blue collar jobs, prominent essential services sectors, an unemployment rate of 4.5%, and estimated employment growth of 5.3% over the past year (AreaSearch). As of September 2025, 1,225 residents are employed while the unemployment rate is 0.8% higher than Rest of Vic.'s rate of 3.8%. Workforce participation in Eastwood lags at 53.5%, compared to Rest of Vic.'s 61.4%.

Only 10.2% of residents work from home (Census). Dominant employment sectors include health care & social assistance, retail trade, and construction. Retail trade is particularly strong, with an employment share 1.3 times the regional level. Agriculture, forestry & fishing is under-represented at 2.8%.

Limited local employment opportunities are indicated by Census data comparing working population to resident population. From September 2024 to September 2025, employment increased by 5.3% while labour force rose by 4.2%, reducing the unemployment rate by 1.1 percentage points (AreaSearch). In contrast, Rest of Vic. saw employment fall by 0.7%. Jobs and Skills Australia projects national employment growth at 6.6% over five years and 13.7% over ten years. Applying these projections to Eastwood's industry mix suggests local employment should increase by 6.4% over five years and 13.5% over ten years (simple weighting extrapolation).

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 the financial year 2023, according to ATO data aggregated by AreaSearch. These figures are lower than those for Rest of Vic., which were $50,954 (median) and $62,728 (average). By September 2025, based on an 8.25% increase since financial year 2023, estimated median income in Eastwood would be approximately $50,333 and average income would be around $59,809. The 2021 Census showed that household, family, and personal incomes in Eastwood fell between the 20th and 21st percentiles nationally. Income distribution revealed 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. Eastwood residents retained 87.4% of their income after housing costs, but total disposable income ranked at just 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

Eastwood's dwelling structure, as per the latest Census, was 86.9% houses and 13.1% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Non-Metro Vic.'s 89.7% houses and 10.3% 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, lower than Non-Metro Vic.'s average of $1,430. Median weekly rent in Eastwood was $370, compared to Non-Metro Vic.'s $285. Nationally, Eastwood's mortgage repayments were significantly lower at $1,417 versus Australia's average of $1,863, while rents were less than the national figure of $375.

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

Family households constitute 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, matching the average for the Rest of Vic.

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+ holding them, including advanced diplomas (12.5%) and certificates (25.7%). Currently, 23.8% of the population is 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 20 weekly passenger trips. Transport accessibility is rated as moderate, with residents typically located 414 meters from the nearest transport stop. As of the 2021 Census, most residents commute outward and car remains the dominant mode at 96%. Vehicle ownership averages 1.5 per dwelling. A relatively low 10.2% of residents work from home.

Service frequency averages 2 trips per day across all routes, equating to approximately 5 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 are arthritis, impacting 12.4% of residents, and mental health issues, affecting 7.9%. About 60.8% of residents declare themselves completely clear of medical ailments, compared to 63.4% across the Rest of Vic. Health outcomes among the working-age population are broadly typical. The area has 32.9% of residents aged 65 and over, around 1,000 people, which is higher than the 23.9% in the Rest of 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 lower 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, comprising 53.1%, compared to 47.3% across Rest of Vic.. The top three ancestry groups were English (34.5%), Australian (30.1%), and Scottish (8.3%).

Notably, Dutch representation was higher than average at 1.6%, while Italian was at 3.3% and Maltese at 0.4%.

Eastwood ranks among the oldest 10% of areas nationwide

Eastwood's median age is 49, surpassing Rest of Vic.'s figure of 43 and Australia's national average of 38 years. Compared to Rest of Vic., Eastwood has an over-representation of the 75-84 cohort at 13.7%, while the 55-64 age group is under-represented at 9.7%. This concentration of the 75-84 cohort is notably higher than the national average of 6.1%. Between 2021 and present, the 35 to 44 age group has grown from 9.5% to 11.1%, and the 15 to 24 cohort has increased from 9.4% to 10.7%. Conversely, the 55 to 64 cohort has declined from 10.8% to 9.7%, and the 65 to 74 group has dropped from 15.1% to 14.0%. By 2041, demographic projections indicate significant shifts in Eastwood's age structure. The 25 to 34 cohort is projected to increase markedly by 185 people (66%), rising from 282 to 468. Meanwhile, the 75 to 84 cohort grows modestly by 6%, adding 26 people.