Question 1

Is Burrill Lake a nice place to live?

Accepted Answer

Burrill Lake is a relaxed coastal village on the NSW south coast centred on the lake and its estuary, where calm water meets the ocean. The foreshore, boat ramps and picnic reserves are the focus for fishing, boating, kayaking and birdwatching, and the area fills with holidaymakers in warmer months. Housing is mainly single-storey weatherboard cottages and brick homes, with waterfront blocks and holiday rentals that give the suburb a seaside-village feel. It has a community of 1,782 people, a median age of 48 and a typical household income of $1,183 a week (roughly $61,500 a year).

Many households are owner-occupied (48.5% owned outright and 31.0% owned with a mortgage) while renters make up about one in five homes. A small local strip supplies basic shops and cafes, and the Princes Highway links residents to Milton and Ulladulla for broader services. Council projects around foreshore rehabilitation, improved walking links on the Southern Headlands Walk, a new playground at McDonald Parade Reserve and planning for a Total Flood Warning System show ongoing work on coastal access and resilience. That mix will suit people who value water-based recreation and an established seaside-village lifestyle, and whether it suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Burrill Lake?

Accepted Answer

At a median house price of $905,000, buying a house in Burrill Lake works out to about 14.7 times a typical local annual household income at the last Census. The local weekly household income recorded at the last Census was $1,183, which equals $61,516 a year; that price multiple is well above local incomes on these figures.

Renting a house for about $575 a week would take roughly 48.6% of a typical local household's weekly income at the last Census, which is a large share of income. On the figures, both renting and buying sit stretched against what people locally earned at the last Census, with buying particularly far above local incomes; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Burrill Lake a good place to invest?

Accepted Answer

House values in Burrill Lake climbed 12.7% over the past 12 months, a strong rise, while house rents rose 4.5% over the same period, a modest gain. That means, for the houses side of the market, capital growth outpaced rental income growth this year; if rental income is your priority the rent movement is the figure to focus on, while the value change is the more relevant number for capital growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$905K	N/A
Change in value Past 12 months	12.7%	N/A
Sold Past 3 months	12	N/A
Median days on market Past 12 months	77	N/A
Average rent Past 12 months	$575	N/A
Change in rent Past 12 months	4.5%	N/A

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