Eastgardens NSW 2036: Property Market Report & Real Estate Insights

Part of Bayside (NSW), NSW

Eastgardens Real Estate Market Outlook

Thinking about buying in Eastgardens? Now could not be a better time, with 2850 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,245,000 with prices in this suburb ranging from $95,000 to $5,657,000. Eastgardens is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Eastgardens

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Eastgardens due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Eastgardens provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Eastgardens to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Eastgardens we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Eastgardens a better buying opportunity than it may have been in the past.

Instant Property Valuation

Eastgardens is a suburb located east of central Sydney. A relatively new suburb, Eastgardens was founded in the late 1980s from parts of neighbouring suburbs Hillsdale and Pagewood. The suburb, which is just 9 kilometers from the heart of Sydney's central business district, is much smaller than its neighbours and derives its name from a large shopping centre, Westfield Eastgardens, located in the suburb. Eastgardens' other neighbours include Banksmeadow and Maroubra, which is in turn bordered by Maroubra Beach, a popular surfing and leisure beach.

Eastgardens is a sought-after place to own property, due in part to its proximity and convenient connections to both the centre of Australia's most populous city and some of its most beautiful beaches, via buses or trains which run from the shopping centre or by road. While the suburb is for the most part too small for amenities such as schools of its own, the neighbouring suburbs' contrasting scale provide plenty of readily-accessible facilities. All in all, Eastgardens is a beautiful island of Australian suburbia right in the core of the city, comprising modern housing and plenty of green spaces.

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