Question 1

Is Illawong a nice place to live?

Accepted Answer

Illawong is a delightful suburb that offers a charming blend of natural beauty and a strong community vibe, making it a wonderful place to call home. Nestled in the Sutherland Shire, it provides a peaceful retreat with its lush bushland and stunning river views, perfect for those who appreciate a serene lifestyle. The suburb is known for its family-friendly atmosphere, with a mix of modern and traditional homes that cater to families and professionals alike. The presence of local amenities such as shopping centres, schools, and parks ensures that residents have everything they need within easy reach.

Families will find Illawong particularly appealing due to its safe and welcoming environment. The suburb's community-oriented lifestyle is complemented by its proximity to nature, offering plenty of opportunities for outdoor activities and relaxation. While Illawong may not have the bustling nightlife or extensive public transport options of inner-city areas, it compensates with its tranquil setting and strong sense of community. The suburb's reliance on bus links for public transport means that residents may need to plan their commutes, but the trade-off is a quieter, more relaxed pace of life.

For those seeking a balanced lifestyle that combines natural beauty with accessibility to essential amenities, Illawong is an excellent choice. While it may not be the hub of new commercial developments, its established charm and stability make it a desirable location for long-term residents. Ultimately, Illawong offers a fulfilling lifestyle for families and individuals who value peace, community, and the great outdoors.

Question 2

Is it expensive to live in Illawong?

Accepted Answer

Living in Illawong can be quite costly, especially when you look at the property market. The current median house price is a hefty $1,995,000, which is significantly above the average for many suburbs in the greater Sydney area. If you're thinking of renting, houses average around $1,300 per week. This is a substantial amount, considering that the average household wage in Illawong is about $144,000 per year, translating to a median weekly household income of $2,778.

When you compare these figures to the average household income in New South Wales, Illawong's income levels are relatively high, which reflects the affluent nature of the suburb. However, the high property prices and rental costs mean that a large portion of income would need to be allocated to housing expenses. This makes Illawong an expensive place to live, particularly for those on average or lower incomes. While the suburb offers a peaceful lifestyle with its scenic views and family-friendly environment, potential residents should consider their financial capacity to manage the high cost of living in this desirable location.

Question 3

Is Illawong a good place to invest?

Accepted Answer

Illawong presents an intriguing opportunity for property investors, particularly those interested in houses. Over the past year, the suburb has experienced a notable 10.5% increase in median house values, indicating strong demand and potential for capital growth. This growth is complemented by an impressive 18.2% rise in house rents, suggesting a robust rental market that could provide steady income for investors.

While the unit market in Illawong has remained stable with no change in median values or rents, the suburb's appeal lies in its house market. The combination of rising property values and rental yields makes houses in Illawong an attractive option for those seeking both capital appreciation and rental income. The suburb's family-friendly environment and proximity to amenities further enhance its desirability, ensuring continued demand from both buyers and renters.

Overall, Illawong offers a promising investment landscape, particularly for those focusing on houses. With its recent growth trends and strong rental market, it stands out as a suburb with potential for long-term gains and reliable returns.

	Houses	Units
Median price Past 3 months	$2.20M	N/A
Change in value Past 12 months	9.6%	N/A
Sold Past 3 months	23	1
Median days on market Past 12 months	37	N/A
Average rent Past 12 months	$1300	$680
Change in rent Past 12 months	18.2%	N/A

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