All About Illawong, Sutherland , NSW 2234

Illawong Real Estate Market Outlook

Thinking about buying in Illawong? Now could not be a better time, with 2876 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,879,000 with prices in this suburb ranging from $75,000 to $50,689,000. Illawong is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Illawong driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Illawong are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Illawong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Illawong we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Illawong a better buying opportunity than it may have been in the past.

Instant Property Valuation

Illawong, a serene suburb in the Sutherland Shire of New South Wales, boasts a unique blend of suburban tranquility and natural beauty, making it an attractive option for homebuyers in the Sydney area. The housing market in Illawong is characterized by a range of property types, including spacious family homes, modern townhouses, and luxury residences, many of which offer stunning views of the Georges and Woronora Rivers. Over the past few years, Illawong has experienced steady demand, driven by its appealing lifestyle, lush surroundings, and proximity to essential amenities and Sydney's CBD. The market here tends to attract families and professionals looking for a peaceful retreat within reach of the city's hustle and bustle. As such, property prices in Illawong have seen a gradual increase, reflecting its status as a desirable suburban locale with a strong sense of community.

Living in Illawong offers residents a harmonious blend of nature and convenience, making it an ideal setting for families and those seeking a laid-back lifestyle. The suburb is well-regarded for its abundance of green spaces, parks, and bushland, providing ample opportunities for outdoor activities such as hiking, picnicking, and water sports. Residents enjoy a tight-knit community atmosphere, with local schools, shopping centers, and recreational facilities contributing to a high quality of life. The presence of several parks and reserves creates a scenic environment that complements the suburban setting. Additionally, Illawong's location offers ease of access to public transport and major roadways, connecting residents to surrounding areas and the broader Sydney metropolitan region. This combination of natural surroundings, community spirit, and accessibility makes Illawong a highly sought-after suburb for those looking to settle in a peaceful yet connected environment.

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