Eastgardens
Investment Score
76
/100
AI Intelligence Summary
Eastgardens is a well-established suburb in Sydney's south-eastern region, positioned in the Bayside Local Government Area. The suburb is anchored by the major Westfield Eastgardens shopping centre, which serves as both a retail hub and employment generator. The area features a diverse multicultural population with strong Greek, Italian, and Chinese communities. Property stock is predominantly units and apartments due to urban densification, with limited house availability driving premium pricing for detached homes. The suburb benefits from excellent retail amenities, proximity to beaches like Maroubra and Coogee, and good bus connectivity to the CBD and Bondi Junction. While lacking direct rail access, the area compensates with comprehensive bus networks and arterial road connections via Bunnerong Road. The established residential character, combined with ongoing infrastructure improvements and urban renewal in surrounding areas, supports steady property value growth. Investment appeal is strong due to consistent rental demand from shopping centre workers and transport accessibility.
Strengths
- •Major retail hub with Westfield Eastgardens providing shopping, dining and entertainment
- •Excellent proximity to popular beaches including Maroubra and Coogee
- •Strong multicultural community with established amenities and services
- •Good public transport connectivity via multiple bus routes to CBD and key destinations
Opportunities
- •Ongoing urban renewal and infrastructure improvements in surrounding areas
- •Potential for further residential development and densification
- •Growing café and restaurant scene along Bunnerong Road
- •Planned cycling infrastructure improvements as part of regional bike network
Considerations
- •Limited house stock availability creating affordability pressures
- •No direct rail connection requiring reliance on bus transport
- •Higher population density from apartment developments
- •Traffic congestion around shopping centre during peak periods
Property Market
$1.45M
+8.5% 1yr
$785K
+9.2% 1yr
$1.18M
$895/wk
$720/wk
32
1.8%
72.0%
Price Growth
| Type | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| House | +8.5% | +24.2% | +42.8% |
| Unit | +9.2% | +26.5% | +38.4% |
Rental Yields
House Yield
3.2%
Unit Yield
4.8%
Townhouse Yield
3.6%
Investment Scorecard
Demand/Supply Ratio: 1.40
Demand exceeds supply — favourable for sellers
Tax & Financial Intelligence
CPA-grade analysis for Eastgardens at median house price
+8% surcharge
$895/wk
Negatively geared
Reduces taxable income
~$764/week
Based on 8.6% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR
5-Year Hold
10-Year Hold
Investor Quick Summary
Entry cost (stamp duty)
$62,140
After-tax yield
1.95%
Weekly holding cost
$764/wk
10yr CGT (est.)
$346,556
Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.
Demographics
8,200
38
$78K
per annum
58.0%
42.0%
38.0%
4.2%
48.0%
Dwelling Mix
Lifestyle & Community
42
6
2
12.0 km
Nearest Station: Green Square Station
Urban convenience with beach proximity, extensive retail options, and growing food and entertainment scene
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Data sourced from multiple sources. Last updated 25 March 2026.