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Eastwood, SA 5063

Home » SA Real Estate Data » City of Burnside, SA » Eastwood, SA 5063

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 Eastwood, SA 5063 located in Adelaide 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.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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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 “Eastwood, SA 5063”

  1. The total adult population (15 years or older) of Eastwood 5063 SA is 643, with a median age of 48. Of those, 37.79% are married, 16.17% are divorced or separated, 38.88% are single and 5.75% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $10,452. The median monthly mortgage repayment for households in this suburb is $1,737 which is 16.62% of their earnings.

    Source: ABS Census Data (2021)

  2. Eastwood, located in South Australia, is a well-established residential suburb. As per Q3 2023 data, Eastwood homes boast an average selling price of $1,030,679. The median weekly rent for these properties stands around $606, equating to an indicative yield of a solid 3.06%. This return meets the baseline requirement for yield-conscious property investors.

    The suburb’s socio-economic score, a substantial 1066 out of 1217, highlights a prosperous and robust local community. However, with a renter to owner ratio of 35%, Eastwood lies slightly above the optimal threshold – pointing to a healthy rental market, though with rising competition for landlords.

    Interestingly, there’s a significant units-to-houses ratio of 62%, suggesting an oversaturation of units, hence potential competition among landlords. Such a high ratio may also influence the overall appeal, often attracting a transient population rather than long-term residents like families.

    On the affordability front, Eastwood scores rather low. The calculated 39-year duration for complete property ownership exceeds the standard 30-year mortgage, indicating a potentially more expensive market for first-home buyers and those with limited budgets.

    Eastwood’s housing market sits at a neutral stock on market percentage of 0.63%. The inventory level of 2.67 months again depicts a neutral supply, showing a fairly balanced market without overstated surpluses or deficits. However, there are no new building approvals, meaning limited influx of new dwellings to the existing housing market.

    As per the days on market measure, which is an impressively low 17, houses in Eastwood generate high demand and tend to sell quickly. This buoyancy is confirmed through a relatively low vacancy rate at 1.29%, showing properties aren’t left untenanted for extended periods. Lastly, the suburb attracts reasonable demand from house buyers, as per a buy search index score of 4.

    In a nutshell, success in the Eastwood real estate market may entail some challenges due to unit oversaturation and reduced affordability. Despite these, strong socio-economic scores and promising yield present good opportunities for savvy investors who can navigate these potential pitfalls. To make profitable decisions, it’s critical to understand these numbers and what they represent, while keeping a careful eye on market changes.

    Remember, tools like HtAG Analytics Relative Composite Score automate this research process, analysing over 80 metrics to present actionable insights for investment strategies. It’s always possible for a few unfavourable metrics to be offset by the majority of favourable ones, illustrating an overall beneficial investment landscape in Eastwood.

    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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