The Collaborative International Dictionary of English v.0.48:

needlewood \nee"dle*wood`\ n.
   A large bushy shrub (Hakea leucoptera) of central and
   eastern Australia, with pungent pointed leaves and creamy
   white flowers.

   Syn: needle wood, Hakea leucoptera.
        [WordNet 1.5]

WordNet (r) 3.0 (2006):

needle-wood
    n 1: large bushy shrub with pungent pointed leaves and creamy
         white flowers; central and eastern Australia [syn:
         needlewood, needle-wood, needle wood, Hakea
         leucoptera]