Question 1

Is Koonawarra a nice place to live?

Accepted Answer

Koonawarra is a lakeside suburb on the western shore of Lake Illawarra with a relaxed, semi-rural character and tree-lined streets. It is largely made up of established single-storey family homes on generous blocks, with some larger lots closer to the foreshore. Residents have lakeside reserves, walking tracks and plentiful birdlife on their doorstep, while everyday shops and community facilities are found in nearby centres and good road links connect to Wollongong and Shellharbour.

The suburb is home to about 3,732 people with a median age of 36 and a mixed but family-focused household profile. Owner-occupation is more common than renting. There have been council-led works and upgrades to local facilities, including roof and fire-compliance work at the community centre, completed classroom and lighting upgrades at the local school, and plans and funding for improvements at Webb Park. Whether that suits you comes down to what you’re looking for in a suburb.

Question 2

Is it expensive to live in Koonawarra?

Accepted Answer

A typical house rents for $655 a week in Koonawarra. Against the typical local household income of $1,258 a week as recorded at the most recent Census, that rent would take about 52% of a household's weekly income. On these figures, that is a large share of income, so if you're renting rather than buying that rent share is the number that matters. 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 Koonawarra a good place to invest?

Accepted Answer

If you're weighing Koonawarra as an investment, the house figures over the past 12 months tell a clear split: house values rose 4.7%, a modest increase, while house rents climbed 9.2%, a solid rise. Over the year rental income grew faster than house prices.

Which of those matters most depends on your goals — the rent figure is the one to watch if rental income is your priority, while the value change reflects capital growth over the year. Whether that balance suits you depends on your own objectives and circumstances.

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	N/A	N/A
Change in value Past 12 months	4.7%	N/A
Sold Past 3 months	8	N/A
Median days on market Past 12 months	18	N/A
Average rent Past 12 months	$655	N/A
Change in rent Past 12 months	9.2%	N/A

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