Suburb Profile Report for Lake Illawarra NSW (2528)

Lake Illawarra House: Median price $520,000, Annual capital growth 7.18%, Number of sales 35, Weekly median advertised rent $425

Lake Illawarra Unit: Median price $490,000, Annual capital growth 8.45%, Number of sales 33, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Lake Illawarra, 2528 ranked 425th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lake Illawarra is one of 3163 in our list for NSW

Lake Illawarra,2528 has offered an average of 15.56% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Lake Illawarra is giving property investors an average Vendor Discount of around -3.99%. This puts suburb at number 836th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.

Lake Illawarra is 321th on a list of best yielding suburbs for rents in NSW with a 4.25% return

Property value increases in Lake Illawarra have tracked higher than the NSW average of 8.63% over the last 12 months.

Lake Illawarra,2528 was ranked 69 in Australia by increase in median property value over the quarter.

Lake Illawarra2528 is located in NSW which offers an average discount of -4.13% to property investors. Lake Illawarra itself is showing figures that indicate -3.22% is the average achievable by property buyers investing in the suburb.

The NSW suburb of Lake Illawarra, 2528 is in the Shellharbour local government area.

Metrics i HOUSE UNIT
$520,000 $490,000
2.97% 11.36%
15.56% 30.67%
7.18% 8.45%
$425 $360
35 33
4.25% 3.82%
31.37 26.55

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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