Lilyvale is a quiet locality in New South Wales within the Wollongong local government area (postcode 2508). With a population of 11, the suburb has an older demographic with a median age of 63. Households earn a median income of $43K per year, with an average household size of 1.4 people.
The median house price in Lilyvale is $55,000, having dropped significantly 98.1% over the past year. The current median weekly rent is $798. This gives a gross rental yield of approximately 75.4%.
The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Lilyvale offers a gross rental yield of 75.4%, rated as high yield. Property prices sit below the state median ($55K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.3x is considered affordable. House prices have moved -98.1% year-on-year.
Lilyvale is a quiet locality in New South Wales within the Wollongong local government area (postcode 2508). With a population of 11, the suburb has an older demographic with a median age of 63. Households earn a median income of $43K per year, with an average household size of 1.4 people.
The median house price in Lilyvale is $55,000, having dropped significantly 98.1% over the past year. The current median weekly rent is $798. This gives a gross rental yield of approximately 75.4%.
The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Lilyvale offers a gross rental yield of 75.4%, rated as high yield. Property prices sit below the state median ($55K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.3x is considered affordable. House prices have moved -98.1% year-on-year.