This property is Off Market
With an average age of 47, households expect an average monthly mortgage payment of $1,800 or a weekly rent payment of $320. The average family earns a weekly income of $1,525 with a typical household size of 2 and a 94.3% employment rate.
In Lake Illawarra there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Lake Illawarra is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Lake Illawarra changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Lake Illawarra to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Lake Illawarra we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Lake Illawarra a better buying opportunity than it may have been in the past.
(Country of Birth not stated 10%)
Warilla a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
10 / 100
31 / 100
Industry
17 / 100
22 / 100
Population
18 / 100
19 / 100
House Prices
47 / 100
60 / 100
Jobs
21 / 100
29 / 100
Incidents Trend State Average
Peterborough School
Warilla, NSW, 2528 State U
Oak Flats High School
Oak Flats, NSW, 2529 State 7-12
Warilla North Public School
Warilla, NSW, 2528 State K-6
Warilla Public School
Warilla, NSW, 2528 State K-6
Lake Illawarra High School
Lake Illawarra, NSW, 2528 State 7-12
Lake Illawarra South Public School
Lake Illawarra, NSW, 2528 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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