Suburb Profile Report for Lake Illawarra NSW (2528)

Lake Illawarra House: Median price $450,000, Annual capital growth 4.61%, Number of sales 38, Weekly median advertised rent $420

Lake Illawarra Unit: Median price $365,000, Annual capital growth 3.54%, Number of sales 37, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 5.02% for the last 12 months, Lake Illawarra, 2528 has performed for property investments than its average annual 4.61% property growth over the last 5 years.

Lake Illawarra2528 is located in NSW which offers an average discount of -5.53% to property investors. Lake Illawarra itself is showing figures that indicate -7.94% is the average achievable by property buyers investing in the suburb.

At number 596 in a list of fastest selling suburbs, Lake Illawarra is in the TOP 20% of suburbs in Australia with an average of days on market 51.62 for properties listed there.

Lake Illawarra, 2528’s gross rental yield is 4.85%

Lake Illawarra is an average performer in NSW when comparing median price capital growth over the last year. Lake Illawarra gave property investors a good capital gain figure when compared to the rest of the state, with 8.96%.

The five-year average increase in median property values for Lake Illawarra,2528 has given property investors a potential capital gain of 50.52% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lake Illawarra, 2528. Typically our figures indicate that -3.24% is being offered, which puts this NSW suburb at 1278th most discounted overall in Australia.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.13%, without taking into account capital value appreciation, which has been averaging out at 3.54%.

HOUSE UNIT
$450,000 $365,000
N/A 2.53%
5.02% 8.96%
4.61% 3.54%
$420 $360
38 37
4.85% 5.13%
51.62 37.31

Source: CoreLogic

DSR Score for property investment : Very good (H), Very 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
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Recent sales & rentals