Lake Heights, NSW
FAIR VALUE2,279 sales · 36 years of data · NSW, Australia
Lake Heights, NSW Property Market Overview
Lake Heights, NSW, postcode 2502, is a residential suburb offering a mix of housing options. Located within the greater Wollongong region, it presents a more affordable alternative to some of Sydney's pricier postcodes. The property market in Lake Heights is underpinned by 36 years of recorded sales data, encompassing a total of 2,279 transactions.
Currently, the median property price in Lake Heights stands at $870,000, reflecting the median for both houses and a slightly higher median of $887,500 for apartments. This difference suggests a balanced market with appeal to both homeowners and apartment dwellers. The long-term growth of the Lake Heights property market is demonstrated by its Compound Annual Growth Rate (CAGR).
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Lake Heights
Top streets in Lake Heights, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Northcliffe Dr | $920,000 |
| 2 | Barina Ave | $815,000 |
| 3 | Backhouse Rd | $890,000 |
| 4 | Hassan St | $1,005,000 |
... and 55 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Weringa Ave | $1,453/m² |
| 2 | Northcliffe Dr | $1,477/m² |
| 3 | Hilltop Ave | $3,077/m² |
| 4 | Flagstaff Rd | $1,757/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Flagstaff Rd | +7.6% |
| 2 | Denise St | +8.1% |
| 3 | Arnold Cres | +10.3% |
| 4 | Lake Heights Rd | +8.0% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 11 Hilltop Ave | $940,000 |
| 2 | 164 Shearwater Dr | $920,000 |
| 3 | 1 Hingston Cl | $760,000 |
... and 7 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Lake Heights analysis
59 streets and 11 buildings to explore
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Lake Heights at a Glance
Lake Heights, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Lake Heights, NSW
Life in Lake Heights offers a blend of suburban tranquility and access to coastal amenities. Residents enjoy proximity to Lake Illawarra, providing opportunities for water activities and scenic views. The suburb is serviced by local schools such as Lake Heights Public School, catering to families with children. Nearby shopping centres, including Warrawong Plaza, offer a range of retail and dining options.
Parks and reserves, such as Kully Bay Park, provide green spaces for recreation and relaxation. Lake Heights fosters a community-oriented atmosphere, with local events and initiatives contributing to its unique character. The suburb balances residential living with convenient access to essential services and leisure activities. Lake Heights offers a relaxed lifestyle with access to both natural beauty and urban conveniences.
Who Buys in Lake Heights?
Lake Heights attracts a diverse range of buyers, including families, first home buyers, and downsizers. The relatively affordable median property price of $870,000, compared to Sydney's averages, makes it an attractive option for those seeking value. The presence of schools and parks caters to families with children. The 9.1% strata percentage suggests a proportion of apartment living, appealing to first home buyers and downsizers seeking low-maintenance options. The consistent growth, as reflected in the CAGR figures, also attracts investors seeking long-term capital appreciation. Lake Heights appeals to a range of buyers due to its affordability and family-friendly amenities.
Market Analysis
The Lake Heights property market, as of early 2026, is considered to be near its long-term trend, indicating fair value. This suggests that prices are currently aligned with historical growth patterns and broader economic conditions affecting the region. The cycle position reflects a market that isn't experiencing significant deviations from its established trajectory.
For potential buyers or sellers, this cycle position indicates a period of relative stability. While rapid price increases or sharp declines aren't anticipated based on this assessment, understanding broader market trends and individual property characteristics remains crucial for making informed decisions in Lake Heights.
Is Lake Heights a Good Investment?
Lake Heights presents an interesting case study due to its consistent, long-term growth and current cycle position. The suburb's historical performance, demonstrated by a 10-year CAGR of 6.8% and a full-period CAGR of 6.6%, indicates a stable and appreciating property market. With a current cycle position near its long-term trend, Lake Heights suggests a market that is neither significantly overvalued nor undervalued.
Factors contributing to property values in Lake Heights include its proximity to Lake Illawarra, access to amenities, and its relative affordability compared to other areas in the Wollongong region. The mix of housing types, including both houses and apartments, provides options for different buyer preferences. The consistent growth and balanced market conditions make Lake Heights a suburb worth further analysis.
Lake Heights Market Outlook
As of early 2026, the Lake Heights property market is positioned near its long-term trend, indicating fair value. Recent price trends reflect the overall stability of the market. This current cycle position suggests a period of consolidation and sustained growth, rather than rapid price fluctuations. The market outlook for Lake Heights remains cautiously optimistic, contingent on broader economic conditions and regional development initiatives. The property market in Lake Heights is showing signs of stability.
Streets & Location in Lake Heights, NSW
Lake Heights, situated within postcode 2502, features a variety of residential streets. Notable streets, based on median property prices, include DENISE ST, BUENA VISTA AVE, and HASSAN ST. The suburb comprises a total of 59 streets, contributing to its residential character. Lake Heights's location provides access to amenities and services within the greater Wollongong area, enhancing its appeal to residents.
Market Dynamics
The property market in Lake Heights demonstrates relatively efficient transaction times. The average settlement days for properties in Lake Heights is 49 days. This timeframe suggests a streamlined process for property sales and transfers. There is currently no quick-flip data available for Lake Heights. The settlement timeframe indicates stability in the Lake Heights property market.
Development & Density
Lake Heights features a mix of housing types, with a moderate level of development density. The suburb contains 11 apartment buildings, contributing to the availability of apartment living options. The strata percentage of 9.1% indicates the proportion of properties under strata title, primarily apartments. The predominant housing type in Lake Heights remains houses, reflecting its established residential character. The development density in Lake Heights offers a range of housing options.
Growth & Property Mix
Lake Heights has demonstrated consistent growth over the long term. The suburb's 10-year CAGR is 6.8%, while its 20-year CAGR is 5.8%. Over the full 36-year period of recorded sales, the CAGR stands at 6.6%. The property mix in Lake Heights includes both houses and apartments, with apartments representing 9.1% of the market based on strata title data. The data shows consistent growth in Lake Heights's property market.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.