Suburb Profile Report for Lake Illawarra NSW (2528)

Lake Illawarra House: Median price $450,000, Annual capital growth 5.63%, Number of sales 34, Weekly median advertised rent $410

Lake Illawarra Unit: Median price $396,750, Annual capital growth 5.33%, 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

If you compare the increase in value of investment property in Lake Illawarra, 2528 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.00%.

If we look at median property appreciation over just the last three months, Lake Illawarra has given property investors a paper return of 1.12%. This puts Suburb as 888 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Lake Illawarra are currently offering property investors an average price cut of -3.58% below the asking price at the moment.

Advertised rents are around the $410 mark per week – giving a return of 4.74% based on the median price in Suburb

Property investors who have had real estate in Lake Illawarra, 2528 should be pleased 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 13.36%

Lake Illawarra,2528 was ranked 157 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Lake Illawarra are currently offering property investors an average price cut of -2.53% below the asking price at the moment.

In the last year 37 properties changed hands in Lake Illawarra, which puts it as the 329th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.33%, investors should hope to achieve an overall return of 4.72%

Metrics i HOUSE UNIT
$450,000 $396,750
1.12% 7.23%
0.00% 13.36%
5.63% 5.33%
$410 $360
34 37
4.74% 4.72%
46.14 32.03

Source: CoreLogic

DSR Score for property investment : Above average (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
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