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Real Estate Market: Is Lake Heights NSW 2502 a Good Suburb to Buy Into?
Housing Market in Lake Heights
Sources: Property Listings, TORREN and Microburbs, 2002 - 2023
| Field | Value | VS Illawarra | Trend | |
|---|---|---|---|---|
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| $694 | Top 29% |
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Housing Supply in Lake Heights
The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS, BASIX and Microburbs, 2002 - 2031
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS, BASIX and Microburbs, 2002 - 2031
| Field | Value | VS Illawarra | Trend | |
|---|---|---|---|---|
| 328 | Top 12% |
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| 1.3 | Bottom 36% | Data for Jul 2023 | ||
| 60.4 | Top 11% | Data for May 2023 | ||
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| 14 | Top 35% |
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| 2 lots | Bottom 16% | Data for Jun 2023 | ||
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| 7 | Top 14% |
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Housing Stock Quality in Lake Heights
The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings, BASIX and Microburbs, 2006 - 2023
Sources: ABS, GEOSPATIAL, Property Listings, BASIX and Microburbs, 2006 - 2023
| Field | Value | VS Illawarra | Trend | |
|---|---|---|---|---|
| 82.8% | Bottom 14% |
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| 2.6 | Top 39% |
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| 96.0% | Top 2% | Data for Jun 2023 | ||
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Development Restrictions in Lake Heights
The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023
| Field | Value | VS Illawarra | Trend | |
|---|---|---|---|---|
| 1.7 sq km | Bottom 17% | Data for Jan 2021 | ||
| 0.53 | Bottom 21% | Data for Feb 2023 | ||
| 1.4% | Top 24% | Data for Jun 2023 | ||
| 1 | Bottom 42% | Data for Jun 2023 | ||
| 416 sqm per resident | Bottom 22% | Data for Jan 2021 |
Risk in Lake Heights
The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
| Field | Value | VS Illawarra | Trend | |
|---|---|---|---|---|
| 76.8% | Bottom 12% |
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| 23.2% | Top 12% |
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| 50 | Top 13% | Data for Jun 2023 | ||
| $2,590 | Top 20% |
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| 69 | Bottom 10% | Data for Jun 2023 | ||
| 62 | Bottom 6% | Data for Jun 2023 | ||
| 33.1% | Top 10% |
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| 35.6% | Bottom 41% |
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Housing Demand in Lake Heights
The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030
| Field | Value | VS Illawarra | Trend | |
|---|---|---|---|---|
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| 17700 | Top 26% |
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| 81600 | Top 37% |
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| 244000 | Top 4% |
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Unit Market in Lake Heights
Sources: Property Listings and Microburbs, 2002 - 2023
| Field | Value | VS Illawarra | Trend | |
|---|---|---|---|---|
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| $432 | Bottom 46% |
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| 80.5% | Top 25% |
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Planning Applications: Dwellings (52)
| Headline | Place | Date |
|---|---|---|
| Lot consolidation, stratum subdivision, demolition of existing structures, construction of centre-based child care facility, alterations and additions to the existing church, associated landscaping and signage - Wollongong City Council DA-2025/869 | 78 Denise Street Lake Heights NSW 2502 | 03 Dec 2025 |
| Residential - demolition of part of retaining wall and construction of detached covered deck to rear of dwelling - Wollongong City Council DA-2025/746 | 54 Mirrabooka Road Lake Heights NSW 2502 | 16 Oct 2025 |
| Residential - alterations and additions including front fence and retaining wall - Wollongong City Council DA-2025/400 | 42 Grand View Parade Lake Heights NSW 2502 | 14 Jun 2025 |
| Residential - new double storey dwelling with rear secondary single storey dwelling - Wollongong City Council DA-2025/335 | 314 Flagstaff Road Lake Heights NSW 2502 | 15 May 2025 |
| Residential - Demolition of an existing building, construction of an attached dual occupancy and Subdivision torrens title - two lots - Wollongong City Council DA-2025/301 | 25 Northcliffe Drive Lake Heights NSW 2502 | 30 Apr 2025 |
Planning Applications: Other (12)
| Headline | Place | Date |
|---|---|---|
| Lot consolidation, stratum subdivision, demolition of existing structures, construction of centre-based child care facility, alterations and additions to the existing church, associated landscaping and signage - Wollongong City Council DA-2025/869 | 78 Denise Street Lake Heights NSW 2502 | 03 Dec 2025 |
| Commercial - Food and Drink Premises - Shop 4 - Wollongong City Council DA-2025/330 | 14-26 Weringa Avenue Lake Heights NSW 2502 | 14 May 2025 |
| Commercial - Food and Drink Premises - Shop 4 - Wollongong City Council DA-2025/330 | 14-26 Weringa Avenue Lake Heights NSW 2502 | 14 May 2025 |
| Residential - demolition of garage, carport & deck and construction of garage & studio with alfresco area above - Wollongong City Council DA-2024/947 | 8 Lake Heights Road Lake Heights NSW 2502 | 23 Dec 2024 |
| Residential - Alterations and additions, new detached carport and new secondary dwelling - Wollongong City Council DA-2024/719 | 161 Northcliffe Drive Lake Heights NSW 2502 | 27 Sep 2024 |
LGA Details (1)
| Headline | Place | Datetime |
|---|---|---|
| Local government area | Wollongong |
Median Unit Sale Prices by Street (2)
| Date | Median sale value | Street |
|---|---|---|
| 05 Dec 2025 | $539,600 | Mirrabooka Rd |
| 05 Dec 2025 | $846,600 | Shearwater Dr |
Median House Rental Prices by Street (17)
| Street | Date | Median rent (per week) |
|---|---|---|
| Flagstaff Rd | 05 Dec 2025 | $694 |
| Denise St | 05 Dec 2025 | $632 |
| Karrabah Cr | 05 Dec 2025 | $785 |
| Hassan St | 05 Dec 2025 | $765 |
| Barina Ave | 05 Dec 2025 | $701 |
Median House Sale Prices by Street (17)
| Street | Date | Median sale value |
|---|---|---|
| Arnold Cr | 05 Dec 2025 | $1,459,000 |
| Backhouse Rd | 05 Dec 2025 | $930,900 |
| Barina Ave | 05 Dec 2025 | $843,000 |
| Buena Vista Ave | 05 Dec 2025 | $879,200 |
| Denise St | 05 Dec 2025 | $868,800 |
Percent of Renters by Street (32)
| Percent of Renters | Street |
|---|---|
| 56.6% | Austen Rd |
| 41.4% | Trevor Ave |
| 49.4% | Weringa Ave |
| 1.8% | Whimbrel Ave |
| 16.8% | Aitkin Pl |
Turnover Rate by Street (32)
| Turnover rate | Street | Turnover Label | Turnover Years | Year |
|---|---|---|---|---|
| 78.2% | Hassan St | average turnover | Every 12.8 years (average turnover) | 2025 |
| 74.6% | Barina Ave | average turnover | Every 13.4 years (average turnover) | 2025 |
| 73.4% | Weringa Ave | average turnover | Every 13.6 years (average turnover) | 2025 |
| 96.9% | Melinda Gr | high turnover | Every 10.3 years (high turnover) | 2025 |
| 79.2% | Flagstaff Rd | average turnover | Every 12.6 years (average turnover) | 2025 |
Recently Sold Houses (100)
| Address | Price | Bedrooms | Bathrooms | Garage spaces | Date sold | Subdivisible into | Sale Type |
|---|---|---|---|---|---|---|---|
| 40 Hassan St | $1,200,000 | 6.0 | 3.0 | 2.0 | 01 Dec 2025 | 0 | On Market |
| 288 Northcliffe Dr | $1,040,000 | 4.0 | 1.0 | 1.0 | 20 Nov 2025 | 0 | On Market |
| 11 Denise St | Price Withheld | 3.0 | 1.0 | 18 Nov 2025 | 0 | On Market | |
| 11 Denise St | $892,500 | 3.0 | 1.0 | 18 Nov 2025 | 0 | On Market | |
| 46 Denise St | $870,000 | 3.0 | 2.0 | 2.0 | 17 Nov 2025 | 0 | On Market |
Businesses (17)
| Name | Address |
|---|---|
| GP Cement Rendering | 6 Ranchby Ave, Lake Heights NSW 2502, Australia |
| Jerez Enterprises | 72 Hassan St, Lake Heights NSW 2502, Australia |
| Maluko | Lake Heights Rd, Lake Heights NSW 2502, Australia |
| Rock Hard Concreting Constructions | 10 Hingston Cl, Lake Heights NSW 2502, Australia |
| Wollongong Garage Doors | Lake Heights NSW 2502, Australia |
Recent Rental Unit Listings (100)
| Address | Rent (per week) | Bedrooms | Bathrooms | Garage spaces | Date |
|---|---|---|---|---|---|
| 49 Barina Ave | $600 | 2.0 | 1.0 | 27 Nov 2025 | |
| 49 Barina Ave | $600 | 2.0 | 1.0 | 27 Nov 2025 | |
| 49 Barina Ave | $600 | 2.0 | 1.0 | 27 Nov 2025 | |
| 49 Barina Ave | $600 | 2.0 | 1.0 | 27 Nov 2025 | |
| 49 Barina Ave | $600 | 2.0 | 1.0 | 27 Nov 2025 |
Recent Rental House Listings (100)
| Address | Rent (per week) | Bedrooms | Bathrooms | Garage spaces | Date | Subdivisible into |
|---|---|---|---|---|---|---|
| Unit 3, 6-8 Melinda Gr | $680 | 3 | 1 | 2 | 17 Nov 2025 | 0 |
| Unit 3, 6-8 Melinda Gr | $680 | 3 | 1 | 2 | 17 Nov 2025 | 0 |
| Unit 3, 6-8 Melinda Gr | $680 | 3 | 1 | 2 | 17 Nov 2025 | 0 |
| Unit 3, 6-8 Melinda Gr | $680 | 3 | 1 | 2 | 17 Nov 2025 | 0 |
| Unit 3, 6-8 Melinda Gr | $680 | 3 | 1 | 2 | 17 Nov 2025 | 0 |
Recently Sold Units (100)
| Address | Price | Bedrooms | Bathrooms | Garage spaces | Date sold | Sale Type |
|---|---|---|---|---|---|---|
| 75 Ranchby Ave | $1,225,000 | 10 Nov 2025 | On Market | |||
| Unit 3, 6-8 Melinda Gr | $660,000 | 3.0 | 1.0 | 2.0 | 23 Oct 2025 | On Market |
| Unit 3, 6-8 Melinda Gr | $660,000 | 3.0 | 1.0 | 2.0 | 23 Oct 2025 | On Market |
| Unit 3, 6-8 Melinda Gr | $660,000 | 3.0 | 1.0 | 2.0 | 23 Oct 2025 | On Market |
| Unit 3, 6-8 Melinda Gr | $660,000 | 3.0 | 1.0 | 2.0 | 23 Oct 2025 | On Market |
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