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Illawong, NSW 2234

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Illawong, NSW 2234 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Illawong, NSW 2234”

  1. The total adult population (15 years or older) of Illawong 2234 NSW is 6,134, with a median age of 44. Of those, 61.98% are married, 7.30% are divorced or separated, 27.57% are single and 3.06% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $11,528. The median monthly mortgage repayment for households in this suburb is $2,976 which is 25.82% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in New South Wales, the suburb of Illawong 2234 is a suburban community dwelling with an estimated count of 2658 households. As of Q3 of 2023, real estate in Illawong 2234 centres more typically on houses presenting a market landscape worth considering for prospective investors and homeowners.

    Houses in Illawong 2234 are typically sold at a premium, with a price tag of $1,662,677. The indicative yield, hovering just below the minimum cashflow required by investors at 2.97%, provides a median weekly rent at $950. Coupled with the high house prices, this yield is a factor to be considered.

    For a socio-economic perspective, Illawong exhibits a strong score of 1108 out of 1217, implying a population with good economic resources and a higher reaching income bracket. This balance of economic prosperity contributes to a relatively low renter to owner ratio of 8% and a minimal units to houses ratio of 5%, fostering a vibrant community atmosphere and a favourable market for homeowners.

    However, the high affordability index at 56 years, well over the standard 30-year mortgage benchmark, is a measure of the relative difficulty for homeowners to fully own a property in the area. This raises questions on long-term investment feasibility due to the elevated typical house prices.

    The Supply metrics reveal favourable conditions, marked by a minimal Stock on the Market Percentage of 0.04% and an extremely low inventory level of just 0.21 months for houses. Coupled with a building approvals Ratio at a favourable 0.22%, this suggests a low supply market that’s potentially ripe for investment.

    Further, the average number of days on market for houses stands at 38, indicating a relatively high demand. The vacancy rate (combining houses and units) is neutral at 2.82% which indicates a healthy rhythm of vacancy and uptake in the property market.

    Rounding off the Demand metrics, the buy search index demonstrates average activity within the state and city, sitting at a solid 5.

    As with any property investment, it’s essential to consider not just these figures but overall trends. While some metrics may fall into unfavourable ranges, such as the indicative yield and affordability index, the majority of data for Illawong optimistically tilts towards favourable investment conditions, making it a market to keep an eye on. Agencies like HtAG Analytics provide proficient tools like the Relative Composite Score (RCS) that streamline this analysis using over 80 metrics for a comprehensive market forecast.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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