Question 1

Is Illawong a nice place to live?

Accepted Answer

Illawong is a leafy riverside suburb on the southern bank of the Georges River, made up mostly of low-density family homes on generous blocks, with river views, calm streets and neighbourhood parks. The population of 7,427 has a median age of 44, and the community is weighted towards couple families, with roughly 51.3% of families having children and 38.8% without; owner-occupation is high at about 92%. Residents value a water-oriented lifestyle that includes boating, riverside walks and weekend picnics, while a small local shopping strip and community facilities cover everyday needs.

Travel is largely by car, with straightforward road connections to surrounding suburbs and the wider city. Local works are improving waterfront access, including upgrades to the Old Ferry Road small craft launching facility and foreshore rehabilitation, and the council is progressing a Menai-Illawong place plan, car park upgrades at Burnum Burnum Sanctuary and a proposed off-leash dog area at Friendship Place Reserve. Whether Illawong suits you comes down to whether you want a settled riverside suburb with those amenities and a strong owner-occupier community.

Question 2

Is it expensive to live in Illawong?

Accepted Answer

On the figures for Illawong, housing costs sit noticeably above local incomes recorded at the last Census. House rent of $1,275 a week would take about 46% of a typical local household's weekly income at the last Census, a large share, while unit rent of $700 a week would take about 25% of that income, a moderate share. Buying looks considerably more stretched: a median house price of $1,930,000 is roughly 13.4 times a typical local annual household income at the last Census, which places buying well above what people locally earned then. 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 Illawong a good place to invest?

Accepted Answer

House rents in Illawong rose 12.8% over the last 12 months, a strong increase in the rental income a house would bring. Over the same period house values increased 8.7%, a solid rise in capital value. Because rent growth outpaced price growth, the rent a house earns was the stronger performer for houses in Illawong over the past year. Which of those outcomes matters more will depend on whether you prioritise rental income or 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	$1.93M	N/A
Change in value Past 12 months	8.7%	N/A
Sold Past 3 months	19	N/A
Median days on market Past 12 months	40	N/A
Average rent Past 12 months	$1275	$700
Change in rent Past 12 months	12.8%	N/A

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