Illawong is situated on the upper reaches of the Georges River in the Sutherland Shire approx. 27 kilometres south of the Sydney Central Business District. The suburb is a native term that literally means between two waters, referring to the Georges and Woronora Rivers. Illawong boasts of a tranquil and relaxed way of living with nature embracing the whole area.
Illawong being surrounded by waterways, it is no surprise that locals enjoy water activities like canoeing, sailing, fishing and kayaking. Families also enjoy their weekends by walking, cycling, or running in parklands located along Illawong’s waterways.
Houses are predominant here which comprises over 92% of dwelling types. Residential real estate development boomed in the 1980s when subdivisions were released.
According to Residex, Illawong experienced market growth of 11.6% from Sep 2020 to Aug 2021 for houses. The market also remains strong for units with a 4.6% growth in the same period and a median price of $896,500.
Homebuyers love the natural amenities being located near reserves just like the Old Ferry Road Reserve, and many bushwalking opportunities. They get to enjoy a good location and quiet times surrounded by nature. Investors like the strong demand from long term tenants and stable rental yields.
There are a number of shopping centres in this area. For one, there is the Illawong Village Shopping Centre is situated between Fowler Road and Hobart Place. It serves as a one-stop for locals who need grocery and medical services. There are also restaurants, cinemas here for entertainment.
Illawong has a number of public schools which makes this suburb suitable for families. There is Illawong Primary School, Tharawal Primary School, and Menai High School.
Couples may opt to enroll in nearby schools specifically Alfords Point Public School and the Bangor Public School.
According to Residex, the median prices in the last 3 years for houses are rising, which ranges from $1.2M - $1.5M. This projection is the same with units, with median prices ranging from $856,000 - $896,000 in the last 3 years. The market is seen to grow 3-7% p.a. in the next 5 years.
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