This property is Off Market
With an average age of 41, households expect an average monthly mortgage payment of $2,500 or a weekly rent payment of $650. The average family earns a weekly income of $2,658 with a typical household size of 2.9 and a 92.0% employment rate.
Consistent high demand relative to supply is a key feature in Illawong driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Illawong are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Illawong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Illawong 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 Illawong a better buying opportunity than it may have been in the past.
Illawong - Alfords Point 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
57 / 100
31 / 100
Industry
21 / 100
22 / 100
Population
13 / 100
19 / 100
House Prices
86 / 100
60 / 100
Jobs
32 / 100
29 / 100
Incidents Trend State Average
Menai High School
Menai, NSW, 2234 State 7-12
Holy Family Catholic Primary School
Menai, NSW, 2234 Independent K-6
Como West Public School
Como, NSW, 2226 State K-6
Tharawal Public School
Menai, NSW, 2234 State K-6
Illawong Public School
Illawong, NSW, 2234 State K-6
Alfords Point Public School
Alfords Point, NSW, 2234 State K-6
Bonnet Bay Public School
Bonnet Bay, NSW, 2226 State K-6
Bangor Public School
Bangor, NSW, 2234 State K-6
Lugarno Public School
Lugarno, NSW, 2210 State K-6
Inaburra School
Bangor, NSW, 2234 Independent K-12
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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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