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Eastgardens, NSW 2036

Home » NSW Real Estate Data » Bayside Council, NSW » Eastgardens, NSW 2036

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Eastgardens, NSW 2036 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Eastgardens, NSW 2036”

  1. The total adult population (15 years or older) of Eastgardens 2036 NSW is 3,461, with a median age of 31. Of those, 38.40% are married, 7.05% are divorced or separated, 52.30% are single and 2.34% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $10,260. The median monthly mortgage repayment for households in this suburb is $2,760 which is 26.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated within New South Wales, the suburb of Eastgardens 2036 boasts about 2042 households. As of the third quarter of 2023, housing prices typically sit around $1,894,194. The median weekly rent is posted at $918. This combination of rent and price gives an indicative yield of 2.52%.

    Even though yields are slightly below the attractive market requirement of 3% for cashflow-centered property investors, the socio-economic score of 1111 out of 1217 suggests a positive socio-economic environment. This score reflects a promising economic profile, with high-income levels and skilled professions being prevalent.

    However, it’s worth noting that the area shows a high renter to owner ratio of 59%, which is notably above the optimal range of 30% or below. This high percentage could indicate future risks and stiff competition among landlords due to a larger proportion of properties being rental ones.

    Looking at the property composition in Eastgardens 2036, the units to houses ratio sits at a balanced 47%, endorsing fewer units and more houses. The favourable units to houses ratio means longer tenancy periods can often be the norm as most tenants will likely be families.

    The affordability index for houses is somewhat daunting, however, at 72 years. This number indicates a clear trend of decreased affordability and it far exceeds the favourable threshold of 31 years.

    A stock on market Percentage of 0.47% shows neutral supply levels, not too high for concern, nor too meagre. This is further supported by inventory levels for houses that stand at 1.2 months, indicating a low supply market that is favourable for investors.

    The building approval ratio for houses is also 0.47%, representing a low supply scenario that could favour property investments in the longer run.

    Turning attention to Demand metrics, the days on market (DoM) average for houses is quite high at 114, suggesting a low demand state. However, this is combined with a vacancy rate of 1.74%, consistently indicating high demand.

    Finally, the Buy Search Index, measured at 3, teeters on the argin of limited demand.

    In conclusion, while some metrics such as the high renter to owner ratio and DoM fall into questionable and unfavourable ranges, these are balanced by other favourable and neutral standpoints such as the IRSAD score, stock on market Percentage, and Buy Search Index. Therefore, although some caution is advised, Eastgardens 2036 offers several attractive opportunities for astute investors willing to navigate its diverse market dynamics and conditions.

    For better, streamline results, consider HtAG Analytics’ Automated Research with over 80 metrics, including the RCS (Relative Composite Score). It allows you to delegate this research and directly access the most suitable properties for your portfolio.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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