Illawong is a moderately sized suburb in New South Wales within the Sutherland Shire local government area (postcode 2234). It is home to about 7,427 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $144K per year, with an average household size of 3.1 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward construction and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Illawong stand at $1.9 million, having risen by 4.7% over the last twelve months. Units have a median price of $1.1 million (-7.2% YoY). The current median weekly rent is $1000. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,976.
Illawong is served by 1 school, including 1 primary. The average ICSEA score is 1069, which is above the national average of 1,000. Public transport access includes 1 ferry wharf, 35 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.7% (low yield). Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 13.2x is considered stretched. House prices have moved +4.7% year-on-year.