Suburb Profile

Suburb profile for,

Lake Illawarra, NSW

Located in the dynamic state of NSW (postcode 2528), LAKE ILLAWARRA is a vibrant real estate market. This suburb holds a median house price of $740,000 and has demonstrated an average buying growth of Up 6.3%. Last month, 11 houses were available, with 29 transactions completed in the past year. Properties spend around 49 days on the market, reflecting the area's demand with 504 interested buyers. The average rental yield stands at 3.6%, with a weekly median rent of $400 per week and an average rent growth of Up 14.6%. Rental properties usually stay on the market for 18 days. The population in 2016 was 3167, which changed by +2.60% in the past five years. The median weekly household income is $920, reflecting an income change of +24.83% over the past five years. Residents have a median age of 43 years, and the suburb has an average annual growth for houses of +4.99%. To fully take advantage of LAKE ILLAWARRA's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in LAKE ILLAWARRA, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Lake Illawarra, NSW

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
NSW
Suburb
LAKE ILLAWARRA
Postcode
2528
Median price for all dwellings
$740,000
Last 12 months growth return
Up 6.3%
Avg. dwellings for sale in the suburb every month
11
Avg. dwellings sold in the suburb in previous 12 months
29
Avg days on market for a dwelling listing to sell
49 days
Avg. number of people searching in this suburb every month
504
Avg. rental yield per annum
3.60%
Weekly median rent for all dwellings
$400 per week
Median price for all houses
$740,000
Avg. rental yield growth in the previous 12 months
3.60%
Avg. days for a rental listing to find a tennant
18 days
Total suburb population in 2016
3167
Total suburb population change in 5 years up to 2016
2.60%
Avg. household income per week
$920
Median age of the population in the suburb
43
Historic avg annual growth return per annum in the suburb
4.99%

Try Handle risk-free for 14 days!

Receive high quality property recommendations with a rental guarantee.
Full refund if we cannot find you properties that meet your needs.
Get started today!
😎
End-to-End Service
👊🏼
14-day risk free trial
🚀
Off