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Lake Illawarra, NSW 2528

Home » NSW Real Estate Data » Shellharbour City Council, NSW » Lake Illawarra, NSW 2528

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 Lake Illawarra, NSW 2528 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 

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Rent 

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Yield 

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3BR

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Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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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 “Lake Illawarra, NSW 2528”

  1. The total adult population (15 years or older) of Lake Illawarra 2528 NSW is 2,767, with a median age of 43. Of those, 34.51% are married, 18.97% are divorced or separated, 39.61% are single and 6.98% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,804. The median monthly mortgage repayment for households in this suburb is $1,733 which is 29.86% of their earnings.

    Source: ABS Census Data (2021)

  2. Translation:

    Nestled in the heart of NSW, LAKE ILLAWARRA 2528 is a suburb offering a mix of tranquil landscapes and potential investment opportunities. It is home to an estimated 1946 households, creating a burgeoning community that provides both potential rental and sale demand.

    As of the Q3 of 2023, the typical price of houses in LAKE ILLAWARRA 2528 stands at $701,419, with a median weekly rent of $533. This figures yield an indicative return of 3.95%, which sits above the baseline desirable yield level of 3% for cash flow-centered property investors.

    Socio-economically, the suburb commands an IRSAD score of 880 out of a possible 1217, reflecting a decent access to economic resources and average income levels. The renter to owner ratio, at 48%, is quite high, suggesting an invested interest from long-term renters.

    The units to houses ratio is maintained at 25%, lower than the threshold of 50% ensuring more houses than units in the market reducing competition among landlords thereby maintaining higher rental yields. Also, less units and more houses attract longer tenancy periods from families.

    The affordability index tallies up to 47 years, which is considerably high, pointing to a higher challenge for prospective homeowners to own properties in the area. However, this is balanced out with an impressively low stock on market percentage at 0.24% and inventory level at just 0.92 months, indicative of a strong demand and quick absorption of properties into the market.

    Building approvals for houses have been kept at a favourable ratio of 0.59%, preventing oversupply in the market. Home listings tend to sell within 29 days on average, indicating high demand in this location. Furthermore, a vacancy rate of 2.13% leans towards neutral demand, neither too high or too low, maintaining a balanced market.

    Lastly, the buy search index for houses is lodged at a neutral value of 3, signalling a steady interest in home purchases. Despite the longer years to own, these contributing factors solidify LAKE ILLAWARRA 2528’s potential as a reliable investment suburb in the Australian property market. Remember, not only are these metric values but their trend important and despite some metrics falling in the unfavourable range, the majority are favourable making this a good property market to invest in.

    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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