Suburb Profile Report for Lake Heights NSW (2502)

Lake Heights House: Median price $510,000, Annual capital growth 6.56%, Number of sales 68, Weekly median advertised rent $428

Lake Heights Unit: Median price $370,000, Annual capital growth -0.23%, Number of sales 10, Weekly median advertised rent $445

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Lake Heights, 2502 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.28%.

If we look at median property appreciation over just the last three months, Lake Heights has given property investors a paper return of 7.03%. This puts Suburb as 196 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Lake Heights should be aiming for at least -3.75% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 68 properties changed hands in Lake Heights, which puts it as the 481th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Lake Heights, 2502 is in the Wollongong local government area.

Investment property in Lake Heights has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -14.94%

HOUSE UNIT
$510,000 $370,000
7.03% -5.73%
9.28% -14.94%
6.56% -0.23%
$428 $445
68 10
4.36% 6.25%
55.45 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3260
Median household income ($/weekly) 895
Median age of persons 41
Median housing loan repayment ($/monthly) 1850
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 374 11.5
    25-34 years 428 13.1
    35-44 years 386 11.8
    45-54 years 425 13.0
    55-64 years 365 11.2
    Others 1281 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 1202 48.4
    Not Married 1072 43.2
    Defacto Relationship 208 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1953 64.1
    Germany 184 6.0
    Japan 147 4.8
    United Kingdom 104 3.4
    Other 338 11.1
    Others 321 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 1.0
    Christianity 2485 82.2
    Islam 127 4.2
    Other Religious Groups 7 0.2
    No Religion 373 12.3
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 115 10.4
    $400-$599 185 16.8
    $600-$799 112 10.2
    $1,000-$1,249 125 11.3
    $1,500-$1,999 126 11.4
    Others 440 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1211 47.9
    Employed, worked full-time 724 28.7
    Employed, worked part-time 354 14.0
    Unemployed, looking for work 135 5.3
    Employed, away from work 103 4.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 214 18.1
    Clerical & administrative workers 165 13.9
    Sales 137 11.6
    Machinery operators & drivers 142 12.0
    Labourers 173 14.6
    Others 352 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 61 10.1
    Infants/Primary 215 35.8
    Secondary 183 30.4
    Technical or Further Educational Institution 74 12.3
    University or other Tertiary Institutions 53 8.8
    Others 15 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2732 88.8
    Flat, unit or apartment 250 8.1
    Semi-detached, row or terrace house, townhouse 72 2.3
    House or flat attached to a shop, office 22 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 569 47.9
    Being purchased 342 28.8
    Rented 272 22.9
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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