Question 1

Is Kanahooka a nice place to live?

Accepted Answer

Kanahooka sits on the western edge of Lake Illawarra with a quietly residential character. Streets are mainly low-set family homes, a mix of older cottages and some newer infill, and a handful of waterfront blocks facing the foreshore. The lake and neighbouring reserves shape day-to-day life, with boating, fishing, waterside walks and local parks close at hand, while everyday shops and schools are nearby in neighbouring Dapto and road and rail links make commuting to Wollongong practical.

The community is relatively settled, with a median age of 48 and a high rate of home ownership (87.4% owned). Families are dominated by couple households, many without children. Council and state projects affecting the foreshore and active travel links are planned or under way, from a jetty proposal to shared path, cycleway and revegetation works, which will influence how easy it is to get around and use the lake. Whether Kanahooka suits you comes down to whether that relaxed, water-focused setting fits your needs.

Question 2

Is it expensive to live in Kanahooka?

Accepted Answer

Housing costs in Kanahooka sit high against what local households earned at the last Census. A house rent of $720 a week would take about 51.5% of a typical local household's weekly income at the last Census, while a unit rent of $560 a week would take about 40.0% of that income. On these figures, renting takes a large share of a typical local household's income.

Buying is further from local earnings: the median house price of $975,000 works out to about 13.4 times a typical local household's annual income at the last Census, which puts buying well 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 Kanahooka a good place to invest?

Accepted Answer

The clearest movements in Kanahooka over the past year were a strong rise in unit rents, up 14.3%, alongside strong house value growth, up 11.7%. House values climbed 11.7% while the rent houses earn rose 6.7%, so on the houses side capital growth outpaced rental income. For units the pattern was different: unit values rose 8.4% while unit rents jumped 14.3%, so rental income for units increased faster than their prices. If rental income is your priority, the unit rent figure is the number that matters; if capital growth is your priority, the house value increase was the stronger performer this year. Whether that balance suits your goals and circumstances is for you to decide.

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	$975K	N/A
Change in value Past 12 months	11.7%	8.4%
Sold Past 3 months	21	5
Median days on market Past 12 months	25	20
Average rent Past 12 months	$720	$560
Change in rent Past 12 months	6.7%	14.3%

Get a property report and suburb profile for any property in Kanahooka

Kanahooka suburb profile

Kanahooka property market performance

5 year median price trend for houses and units

Kanahooka demographics

Suburbs near Kanahooka

How does Kanahooka compare to nearby suburbs?

Choose the right real estate agents in Kanahooka

Get a head start and compare top local agents in Kanahooka

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market