Suburb Profile Report for Lake Illawarra NSW (2528)

Lake Illawarra House: Median price $580,000, Annual capital growth 8.00%, Number of sales 41, Weekly median advertised rent $450

Lake Illawarra Unit: Median price $505,000, Annual capital growth 8.82%, Number of sales 42, Weekly median advertised rent $380

  • 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 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 23.40%

Over the longer term, Lake Illawarra has seen property prices show investors a 48.15% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Lake Illawarra are currently offering property investors an average price cut of -4.06% below the asking price at the moment.

Property value increases in Lake Illawarra have tracked higher than the NSW average of 5.36% over the last 12 months.

Over the longer term, Lake Illawarra has seen property prices show investors a 59.43% return over the last 3 years. This is worse than over the last 12 months

Lake Illawarra, 2528 is offering NSW ‘s 81th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

With the median price for a house in Lake Illawarra being $505000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.91%

Metrics i HOUSE UNIT
$580,000 $505,000
-0.85% -0.98%
23.40% 27.85%
8.00% 8.82%
$450 $380
41 42
4.03% 3.91%
45.03 62.5

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
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