Suburb Profile Report for Lake Illawarra NSW (2528)

Lake Illawarra House: Median price $577,500, Annual capital growth 8.16%, Number of sales 38, Weekly median advertised rent $435

Lake Illawarra Unit: Median price $479,000, Annual capital growth 7.63%, Number of sales 33, Weekly median advertised rent $385

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

Investment property in Lake Illawarra has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.00%

Across a shorter period, Lake Illawarra, 2528 has seen a median price increase of -0.43% over the last quarter.

Lake Illawarra2528 is located in NSW which offers an average discount of -6.18% to property investors. Lake Illawarra itself is showing figures that indicate -4.89% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Lake Illawarra the average time real estate has been on the market is 64.92 days.

Advertised rents are around the $435 mark per week – giving a return of 3.92% based on the median price in Suburb

Property investors who have had real estate in Lake Illawarra, 2528 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.24%

Lake Illawarra,2528 was ranked 1105 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Lake Illawarra is offering property investors an average of -5.18. This rate of discount on properties puts Suburb at number 94th in terms of most discounted suburbs in NSW

With the median price for a house in Lake Illawarra being $479000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 4.18%

Metrics i HOUSE UNIT
$577,500 $479,000
-0.43% -1.24%
5.00% -2.24%
8.16% 7.63%
$435 $385
38 33
3.92% 4.18%
64.92 78.46

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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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