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Lake Illawarra, NSW 2528
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$935,000
market range $900K-$1.0M
Median Unit
$645,000
list-price estimate
Gross Yield (houses)
3.7%
1yr Growth (houses)
+6.7%
market range +0.0% to +12.5%
Investment snapshot for Lake Illawarra
Lake Illawarra has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lake Illawarra market and investor summary
In Lake Illawarra, NSW 2528, the median house sells for around $935K, on a gross rental yield of 3.7% for houses. House prices have moved +6.7% over the past year and +25.4% over three years. At 1.4% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Lake Illawarra: people, income and schools
About 3,288 people live in Lake Illawarra, a number that has held fairly steady over five years. At a median age of 43, it reads as skewed a little older, and families account for 58% of households.
The typical household income runs to around $56,000 a year (about $1,070 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 16.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 12% over five years, which tends to underpin what local buyers can pay.
Families have 19 schools within roughly 5km to choose from, testing below the national school average on ICSEA. It is fairly car-dependent; the suburb scores 26 for walkability and 9 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,288
- +0% over 5yr
- Median age
- 43 years
- Median household income
- $56,000/yr
- Households renting
- 48%
- Family households
- 58%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 19
- avg ICSEA 902
- Unemployment
- 13.1%
- Walk score
- 26/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lake Illawarra
View all →Frequently asked questions about Lake Illawarra
What should I check before investing in Lake Illawarra?
Lake Illawarra has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +6.7% in the past year shows positive recent price momentum. 3-year capital growth of +25.4% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Lake Illawarra?
The median property price in Lake Illawarra, NSW 2528 is $935K for houses.
What rental yield does Lake Illawarra show?
The gross rental yield in Lake Illawarra is 3.7% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Lake Illawarra?
House prices in Lake Illawarra are up 6.7% over the past year and up 25.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Lake Illawarra?
The current vacancy rate in Lake Illawarra is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Lake Illawarra?
Lake Illawarra has a population of approximately 3,288 residents, with a median age of 43.
What schools are near Lake Illawarra?
There are 19 schools within roughly 5km of Lake Illawarra. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Lake Illawarra affordable to buy in?
A median house in Lake Illawarra costs about 16.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Lake Illawarra's population growing?
The population of Lake Illawarra has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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