This land presents a rare investment opportunity in a sought-after residential area. Set on an oversized 15,100sqm parcel zoned C2 Environmental Conservation, it offers significant potential for substantial returns if rezoning occurs in the future. Conveniently located within walking distance to Illawong's schools, shopping centre, restaurants, cafes, medical centre, gym and bus stop.
- Super rare opportunity for the suburb of Illawong
- One of the most intriguing offerings available in this area
When looking at properties it's important to have confidence in how much you can borrow. As Ray White are partnered with Loan Market they can make this simple and easy for you. Should you wish to know your borrowing powers simply go to www.loanmarket.com.au/brokers/jason-wylie now and our Loan Market broker will be in touch.
The size of Illawong is approximately 5.9 square kilometres. It has 14 parks covering nearly 13.2% of total area. The population of Illawong in 2011 was 7,329 people. By 2016 the population was 7,266 showing a population decline of 0.9% in the area during that time. The predominant age group in Illawong is 50-59 years. Households in Illawong are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Illawong work in a professional occupation. In 2011, 91.6% of the homes in Illawong were owner-occupied compared with 90.6% in 2016.
Illawong has 2,656 properties. Over the last 5 years, Houses in Illawong have seen a 46.48% increase in median value, while Units have seen a 36.07% increase. As at 31 October 2024:
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