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Lake Illawarra
NSW, 2528 - Shellharbour

Thinking about buying in Lake Illawarra? Now could not be a better time, with 2334 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $762,000 with prices in this suburb ranging from $18,000 to $3,468,000. Lake Illawarra is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Household Makeup

Median Weekly Rent $322.50
Median Monthly Mortgage $1758.50
Median Persons Per Bedroom 0.78
Average Household Size 2.00
Average Age 42.50
Average Income $613.75
Average Cars Per Dwelling 1.60
Average Properties Within 50M 22

Housing Stock

Average Property Prices

1 Bed  $818,000
2 Bed  $624,000
3 Bed  $869,000
4 Bed  $951,000
5 Bed  $1,251,000
6 Bed+$1,440,000

Lake Illawarra Real Estate Market Outlook

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.

Houses for sale Lake Illawarra

Ray White 1b king st, lake illawarra, nsw, 2528 Beds3 Bathrooms1 Parking 1 749000
Stone Real Estate unit 5, 8 peterborough av, lake illawarra, nsw, 2528 Beds3 Bathrooms1 Parking 1 $575,000

Local Schools

Lake Illawarra High School

Lake Illawarra South Public School

Warilla North Public School

Windang Public School

Peterborough School

Warilla Public School

Mount Warrigal Public School

Barrack Heights Public School

(While the above schools are located with the suburb of Lake Illawarra there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Lake Illawarra weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan3.617.626.758.697.63.619.8
Feb7.618.025.662.897.63.617.0
Mar5.215.624.658.297.53.414.2
Apr1.011.223.548.497.23.213.2
May3.89.420.150.892.63.910.0
Jun0.98.218.25291.73.99.7
Jul6.27.417.953.594.84.19.9
Aug4.17.019.042.589.44.612.8
Sept0.99.021.643.493.94.116.5
Oct3.712.222.95496.63.617.6
Nov1.213.225.847.3964.222.9
Dec2.416.324.757.596418

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

04-12-2024 $1,400,000 1 COMMERCE DR
28-11-2024 $497,000 1 / 29 GIRRAWEEN AVE
21-11-2024 $598,000 2 / 9 GROVE CCT
20-11-2024 $1,400,000 3 PUR PUR AVE
15-11-2024 $1,000,000 1 / 4 COMMERCE DR
14-11-2024 $380,000 32 QUEEN ST
07-11-2024 $872,000 17 KOTARI PDE
01-11-2024 $660,000 8 / 27 REDDALL PDE
30-10-2024 $200,000 1 BEATON ST
30-10-2024 $910,000 178 PUR PUR AVE
17-10-2024 $767,000 6 SHELLHARBOUR RD
11-10-2024 $600,000 7 / 3 COMMERCE DR
11-10-2024 $1,350,000 33 VIEW ST
11-10-2024 $760,000 1 / 18 ADDISON AVE
04-10-2024 $660,000 1 / 39 REDDALL PDE
02-10-2024 $650,000 9 / 30 PETERBOROUGH AVE
25-09-2024 $820,000 76 ADDISON AVE
24-09-2024 $900,000 99 REDDALL PDE
16-09-2024 $615,250 6 / 9 GROVE CCT
11-09-2024 $739,000 3 / 81 REDDALL PDE
06-09-2024 $781,000 43 GIRRAWEEN AVE
27-08-2024 $535,000 6 / 46 PETERBOROUGH AVE
26-08-2024 $1,700,000 34 PUR PUR AVE
09-08-2024 $980,000 13 ADDISON AVE
01-08-2024 $730,000 2 / 54 PUR PUR AVE
26-07-2024 $474,000 1 / 7 WINDLE ST
24-07-2024 $650,000 2 / 30 KING ST
17-07-2024 $515,000 3 / 11 PETERBOROUGH AVE
10-07-2024 $855,000 9 / 27 REDDALL PDE
05-07-2024 $485,000 1 / 14 SHELLHARBOUR RD
28-06-2024 $560,000 3 / 59 PUR PUR AVE
27-06-2024 $970,000 16 ADDISON AVE
25-06-2024 $740,000 4 / 81 REDDALL PDE
19-06-2024 $1,015,000 158 PUR PUR AVE
18-06-2024 $760,000 1 / 29 ADDISON AVE
12-06-2024 $1,050,000 4 STANLEY ST
07-06-2024 $810,000 12 CORONA AVE
07-06-2024 $470,000 5 / 11 WINDLE ST
05-06-2024 $820,000 94 ADDISON AVE
31-05-2024 $790,000 55 THOMAS ST
30-05-2024 $555,000 6 / 8 PETERBOROUGH AVE
30-05-2024 $810,000 2 / 29 ADDISON AVE
17-05-2024 $981,000 160 PUR PUR AVE
17-05-2024 $695,000 3 / 33 REDDALL PDE
15-04-2024 $595,000 1 / 20 ADDISON AVE
15-04-2024 $240,000 5 / 33 REDDALL PDE
05-04-2024 $740,000 87 QUEEN ST
27-03-2024 $690,000 24 THOMAS ST
27-03-2024 $845,000 1 / 23 PUR PUR AVE
19-03-2024 $750,000 28 SHELLHARBOUR RD

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

WarillaWindangMount WarrigalBarrack PointBarrack HeightsShellharbour City CentreBlackbuttShellharbourPrimbeeOak Flats

Public Transport


General Points of Interest

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