Lake Illawarra, NSW
FAIR VALUE2,697 sales · 36 years of data · NSW, Australia
Lake Illawarra, NSW Property Market Overview
Lake Illawarra, located in the beautiful NSW region, presents a diverse property market for both homeowners and investors. With 36 years of recorded sales data encompassing 2,697 transactions, AusPropertyInsights.app provides a comprehensive analysis of this lakeside suburb. The current median property price for all dwellings in Lake Illawarra is $800,000, with houses commanding a median of $880,000 and apartments settling around $715,000.
Lake Illawarra's appeal lies in its waterfront location and a mix of housing options, from established homes to modern apartment complexes. This suburb offers a blend of lifestyle and affordability compared to some of Sydney's more expensive areas. The long-term growth and consistent sales activity make Lake Illawarra a suburb worth examining for anyone interested in the NSW property market.
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 Illawarra
Top streets in Lake Illawarra, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Reddall Pde | $677,500 |
| 2 | Beaton St | $749,000 |
| 3 | Grove Cct | $610,125 |
| 4 | Queen St | $840,000 |
... and 43 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 | Addison Ave | $1,483/m² |
| 2 | Beaton St | $4,138/m² |
| 3 | Pur Pur Ave | $7,849/m² |
| 4 | Addison Ave | $4,055/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 | Commerce Dr | +8.0% |
| 2 | Peterborough Ave | +6.2% |
| 3 | Thomas St | +7.3% |
| 4 | Addison Ave | +6.4% |
... 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 | 32 Addison Ave | $892,500 |
| 2 | 56 Thomas St | $822,500 |
| 3 | 115 Pur Pur Ave | $2,720,000 |
| 4 | 84 Addison Ave | $750,000 |
... and 26 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 Illawarra analysis
47 streets and 30 buildings to explore
Trusted by 100+ property investors across NSW
Nearby Suburbs to Lake Illawarra
Lake Illawarra at a Glance
Lake Illawarra, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Lake Illawarra, NSW
Lake Illawarra offers a relaxed, lakeside lifestyle with a strong sense of community. Residents enjoy easy access to the lake for water sports, fishing, and leisurely walks along the foreshore. The suburb is home to several schools, including Lake Illawarra High School and Lake Illawarra South Public School, catering to families with children.
For shopping and amenities, residents can head to the nearby Warrawong Plaza, offering a wide range of retail outlets and services. The suburb also boasts several parks and reserves, such as Reddall Reserve, providing green spaces for recreation and relaxation. The suburb provides a blend of residential living with convenient access to natural beauty and essential amenities.
Lake Illawarra is serviced by bus routes connecting residents to nearby train stations like Warrawong and Dapto. The vibe is generally laid-back, attracting those seeking a quieter lifestyle away from the hustle and bustle of the city but still within reach of urban conveniences.
Who Buys in Lake Illawarra?
Lake Illawarra attracts a diverse range of buyers, including families, first-home buyers, and investors. The median property price of $800,000 makes it relatively more accessible than some other Sydney suburbs, attracting those seeking affordability. The 36.5% strata title percentage indicates a significant portion of apartment living, appealing to first-home buyers and downsizers.
The historical growth, with a 10-year CAGR of 6.7%, has caught the attention of investors seeking long-term capital appreciation. Families are drawn to Lake Illawarra by the presence of schools, parks, and a safe, community-oriented environment.
Market Analysis
Currently, the Lake Illawarra property market is assessed to be near its long-term trend, indicating fair value. This suggests that property prices in Lake Illawarra are aligning with historical growth patterns and economic fundamentals.
Being near its long-term trend means the market isn't experiencing significant overvaluation or undervaluation, offering a degree of stability. For potential buyers and sellers in Lake Illawarra, this suggests a balanced market where prices reflect underlying value rather than speculative bubbles or deep discounts.
Is Lake Illawarra a Good Investment?
Lake Illawarra's property market presents a compelling case for long-term growth, driven by its desirable location and mix of housing options. With a full-period CAGR of 6.2% over 36 years, the suburb has demonstrated consistent appreciation in property values. The current cycle position indicates that the market is near its long-term trend.
The suburb's proximity to the lake, coupled with its affordability compared to other NSW regions, contributes to its ongoing appeal. The presence of schools, shops, and transport links further enhances its liveability, attracting a steady stream of buyers. These factors suggest that Lake Illawarra's property market is underpinned by solid fundamentals and potential for continued growth.
Lake Illawarra Market Outlook
As of early 2026, the Lake Illawarra property market is considered to be near its long-term trend. While recent price trends have shown some fluctuations, the market remains relatively stable overall. The cycle position suggests that the market is neither significantly overvalued nor undervalued.
Looking ahead, Lake Illawarra's property market is expected to maintain its steady performance, driven by its affordability and desirable lifestyle. Ongoing infrastructure developments and population growth in the region are likely to provide further support to property values.
Streets & Location in Lake Illawarra, NSW
Lake Illawarra, postcode 2528, boasts a variety of streets each contributing to the suburb's character. Among the streets with higher median property prices are Commerce Drive, Addison Avenue, and Reddall Parade. With a total of 47 streets, the suburb provides a range of residential options.
The location of Lake Illawarra near the lake itself adds to its desirability, offering residents recreational opportunities and scenic views. The suburb balances its residential areas with convenient access to local amenities and transport links.
Market Dynamics
The Lake Illawarra property market demonstrates relatively efficient transaction times. On average, property settlements in Lake Illawarra occur within 49 days. Data on 'quick-flips' is currently unavailable.
This settlement timeframe indicates a reasonably active market where properties are moving at a steady pace. The absence of quick-flip data suggests that speculative buying and selling might not be a dominant feature of the Lake Illawarra market.
Development & Density
Lake Illawarra features a mix of housing types, reflecting its evolution over the past few decades. The suburb contains 30 apartment buildings, indicating a degree of higher-density living alongside more traditional detached houses. The strata percentage, at 36.5%, reflects the proportion of apartment-style properties in the area.
This mix of housing options contributes to the diversity of the Lake Illawarra property market, catering to different lifestyles and budgets. The presence of apartment buildings provides opportunities for first-home buyers and those seeking lower-maintenance living.
Growth & Property Mix
Lake Illawarra has demonstrated consistent property growth over the long term. The suburb has experienced a 10-year Compound Annual Growth Rate (CAGR) of 6.7%, reflecting steady appreciation in property values. Looking further back, the 20-year CAGR stands at 5.0%, while the full-period CAGR (36 years) is 6.2%. This sustained growth, coupled with a property mix that includes houses and apartments (36.5% strata title), offers diverse investment opportunities in Lake Illawarra.
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.