2/41 Addison Avenue

Lake Illawarra NSW 2528

The size of Lake Illawarra is approximately 2.1 square kilometres. It has 11 parks covering nearly 24% of total area. The population of Lake Illawarra in 2011 was 3,087 people. By 2016 the population was 3,167 showing a population growth of 2.6% in the area during that time. The predominant age group in Lake Illawarra is 50-59 years. Households in Lake Illawarra are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lake Illawarra work in a trades occupation. In 2011, 46% of the homes in Lake Illawarra were owner-occupied compared with 46.8% in 2016.

Lake Illawarra has 2,015 properties. Over the last 5 years, Houses in Lake Illawarra have seen a 74.52% increase in median value, while Units have seen a 49.82% increase. As at 30 September 2024:

• The median value for Houses in Lake Illawarra is $892,720 while the median value for Units is $647,239.
• Houses have a median rent of $580 while Units have a median rent of $530.