Lake Heights is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2502). With a population of 4,105, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $71K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Italian.
The median house price in Lake Heights is $865,000, having dipped slightly 2.8% over the past year. Units have a median price of $875,000 (+43.4% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,950.
Lake Heights is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Lake Heights offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($865K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved -2.8% year-on-year.
Lake Heights is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2502). With a population of 4,105, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $71K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Italian.
The median house price in Lake Heights is $865,000, having dipped slightly 2.8% over the past year. Units have a median price of $875,000 (+43.4% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,950.
Lake Heights is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Lake Heights offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($865K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved -2.8% year-on-year.