Illawong is a mid-sized suburb in New South Wales within the Sutherland Shire local government area (postcode 2234). With a population of 7,427, the suburb has an established demographic with a median age of 44. Households earn a median income of $144K per year, with an average household size of 3.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Illawong is $1.9 million, having grown strongly 5.4% over the past year. Units have a median price of $1.2 million (+7.9% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 3.0%. 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 1,782 incidents per 100,000 population.
From an investment perspective, Illawong offers a gross rental yield of 3.0%, rated as 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 +5.4% year-on-year.
Illawong is a mid-sized suburb in New South Wales within the Sutherland Shire local government area (postcode 2234). With a population of 7,427, the suburb has an established demographic with a median age of 44. Households earn a median income of $144K per year, with an average household size of 3.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Illawong is $1.9 million, having grown strongly 5.4% over the past year. Units have a median price of $1.2 million (+7.9% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 3.0%. 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 1,782 incidents per 100,000 population.
From an investment perspective, Illawong offers a gross rental yield of 3.0%, rated as 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 +5.4% year-on-year.