Illawong Property Insights - April 2025
Illawong, NSW 2234: Leafy, Elevated and Family-Centric
Nestled between the Georges and Woronora Rivers, Illawong offers a peaceful, elevated lifestyle surrounded by bushland and water views. Spanning 5.9 square kilometres with 14 parks covering 13.2% of the area, this suburb blends nature with convenience. With a predominant age group of 50–59 years and 56.5% of households comprising couples with children, Illawong is a well-established, family-focused community.
Housing Market Trends
Illawong’s housing market remains strong and consistent:
Median house price: $1.8 million
Upper quartile: $2.09 million
Lower quartile: $1.6 million
Median rent: $1,150/week
Rental yield: 3.4%
Average tenure: 12.9 years
Average days on market: 38.5 days
House prices increased by 1.2% over the past year, showing resilience after a period of cooling in 2023
Unit Market Trends
The unit market in Illawong is small but high-value:
Median unit price: $1.21 million
Upper quartile: $1.31 million
Lower quartile: $1.10 million
Median rent: $625/week
Rental yield: 3.5%
Average days on market: 51 days
Average tenure: 10.2 years
Despite a 4.4% decline in median value year-on-year, prices have stabilised in recent months and reflect strong investor appeal
Illawong
Land Market
The land market is virtually non-existent:
Only 1 sale in the past 12 months
Median land price: $850,000
No consistent listing or tenure data available
This scarcity supports the suburb’s long-term value and preserves its leafy character.
Rental Market
Rental demand is solid, especially for houses:
House median rent: $1,150/week
Rental growth: 20.4% year-on-year
34 rental observations over the past year
Units remain tightly held, with just 9 rental observations, but a steady 3.5% yield indicates reliable performance for investors.
Recent Market Activity
Illawong saw healthy transaction volumes in 2024:
61 houses sold (down from 69 in 2023)
16 unit sales, the highest since 2017
1 land sale, continuing a multi-year trend of minimal vacant stock
House listings remained stable around 75 per month, with a total of 87 homes on market in February 2025
Unit listings were steady, with 11 new listings and 14 total listed properties in February
Sales activity was strongest in the $1M–$2M range, but 18 houses also sold above $2 million, reinforcing Illawong’s premium appeal
Community and Lifestyle
Illawong’s population is affluent and family-oriented:
56.5% couples with children
50+ age group dominates, especially 50–69 years
25.9% of households earn over $182,000 annually (compared to 18.3% in Sutherland overall)
Residents enjoy large blocks, established homes, and access to parks, schools, and bushland reserves.
Investment Potential
Illawong is ideal for:
Owner-occupiers seeking lifestyle and space
Investors targeting high-rent suburbs with strong yields
Families looking for long-term capital growth and community stability
With limited land availability, long tenure, and rising rents, Illawong remains one of the Sutherland Shire’s most stable and desirable suburbs.