Suburb Profile Report for Lake Illawarra NSW (2528)

Lake Illawarra House: Median price $470,000, Annual capital growth 6.81%, Number of sales 32, Weekly median advertised rent $400

Lake Illawarra Unit: Median price $398,500, Annual capital growth 5.44%, Number of sales 35, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Lake Illawarra, 2528 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.10%

A 52.35% growth in median value for property investors in Lake Illawarra,2528 puts this suburb at number 475th in terms of best performing suburbs in NSW

At number 1038th of NSW’s most discounted properties, Lake Illawarra is in the TOP 20% of the state/territory when listing in order of most discounted to least.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 6.81%.

With a capital gain of 5.70% for the last 12 months, Lake Illawarra, 2528 has performed for property investments than its average annual 5.44% property growth over the last 5 years.

The five-year average increase in median property values for Lake Illawarra,2528 has given property investors a potential capital gain of 66.04% across each of those five years.

At number 362th of NSW’s most discounted properties, Lake Illawarra is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.44%, investors should hope to achieve an overall return of 4.70%

Metrics i HOUSE UNIT
$470,000 $398,500
4.44% 0.44%
4.10% 5.70%
6.81% 5.44%
$400 $360
32 35
4.43% 4.70%
36.6 27.14

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3087
Median household income ($/weekly) 707
Median age of persons 43
Median housing loan repayment ($/monthly) 1430
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 325 10.5
    25-34 years 331 10.7
    35-44 years 372 12.1
    45-54 years 461 14.9
    55-64 years 387 12.5
    Others 1211 39.2
    Age Group
    Census Count Percent(%)
    Not Married 1281 53.4
    Registered Married 883 36.8
    Defacto Relationship 233 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2362 80.5
    Greece 30 1.0
    Japan 34 1.2
    United Kingdom 230 7.8
    Other 111 3.8
    Others 166 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 19 0.7
    Christianity 2146 75.2
    Islam 47 1.6
    Other Religious Groups 11 0.4
    No Religion 625 21.9
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 176 14.3
    $400-$599 211 17.2
    $600-$799 164 13.4
    $800-$999 104 8.5
    $1,000-$1,249 117 9.5
    Others 456 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1191 49.1
    Employed, worked full-time 636 26.2
    Employed, worked part-time 389 16.0
    Unemployed, looking for work 128 5.3
    Employed, away from work 84 3.5
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 203 18.2
    Community & personal service workers 146 13.1
    Clerical & administrative workers 155 13.9
    Sales 114 10.2
    Labourers 167 15.0
    Others 329 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 55 9.5
    Infants/Primary 194 33.4
    Secondary 159 27.4
    Technical or Further Educational Institution 93 16.0
    University or other Tertiary Institutions 63 10.9
    Others 16 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1896 63.7
    Semi-detached, row or terrace house, townhouse 750 25.2
    Flat, unit or apartment 325 10.9
    House or flat attached to a shop, office 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 685 51.0
    Fully owned 367 27.3
    Being purchased 270 20.1
    Other tenure type 20 1.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals