Lake Heights, NSW 2502
Wollongong City CouncilAll suburbs in postcode 2502
Updated
Median house price
$865,000
+5.5% over the past year.
Median of 70 house sales · NSW Valuer General · calendar 2025
Selling in Lake Heights?
Get the free selling guide, personalised to Lake Heights, or ask for a free appraisal from a local agent.
Lake Heights at a glance
- Median unit
- $277,920
- Weekly rent
- $690
- Houses · units $500
- Population
- 4,105
- Median age 36
Prices: Median of 70 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2502), June 2026 · Population: 2021 Census
House prices in Lake Heights
Houses change hands at $865,000 on a typical sale, below the NSW median (70 house sales, NSW Valuer General, calendar 2025). Units come in around $277,920, roughly 68% below the house median. The 12-month picture is one of steady growth (+5.5%).
For sellers
Twelve-month growth is +5.5%, supporting confident pricing at the upper end of recent comparables.
For buyers
A 20% deposit on the median house works out to roughly $173,000. Prices are below the NSW median, which keeps Lake Heights on the radar for first-home buyers and right-sizers.
Rental data as of June 2026· NSW rental bond data (postcode 2502)
Free appraisal in Lake Heights
What’s your home worth in Lake Heights?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
What to know about Lake Heights
Lake Heights (2502) sits in the Wollongong region of NSW. The median house here is $865,000, below the NSW median of around $1.10M. Prices have moved +5.5% over the past year, ahead of the NSW average (3%).
Lake Heights has roughly 4,105 residents, with a typical family-age mix. Households are mostly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Lake Heights scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 26°C (mild), winter mornings around 8°C (mild). Annual rainfall lands at about 1,034 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 12 government primary, 3 government secondary, 3 Catholic, 2 independent.
Schools in Lake Heights
Location
Walkability
- Walk
- 0/100
- Transit
- 0/100
- Bike
- 100/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Lake Heights's population at 4,105, with a median age of 36. That sits as a typical family-age mix. Households are mostly owner-occupied (68% own, 29% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (72% family households, 24% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 72%
- Lone person
- 24%
- Owner occupied
- 68%
- Renter occupied
- 29%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 4.15% (median rent $690/wk against a $865,000 price tag). Units yield 9.36% gross, often the better cash-flow play for first-time investors. Renter share is modest (29%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs. The 12-month growth of +5.5% adds a capital-growth case on top of the yield.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 4.15%
- On the $865,000 median
- Gross yield, unitsSource: NSW Valuer General (PSI) · Sept 2026
- 9.36%
- On the $277,920 median
- 12-month change, housesSource: NSW Valuer General (PSI) · Sept 2026
- +5.5%
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
55 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of January 2026
Weather year-round
- Annual rainfall
- 1,034 mm
- Hottest month, avg max
- 26.2°C
- Coldest month, avg min
- 8.1°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Lake Heights
- What is the median house price in Lake Heights?
- The median house price in Lake Heights, NSW 2502 is $865,000 (median of 70 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $277,920. Annual growth is +5.5%.
- How much is my house worth in Lake Heights?
- A useful starting point is the Lake Heights median house price of $865,000 (units $277,920). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Lake Heights a good investment?
- On the published figures, the gross rental yield on houses in Lake Heights is 4.1%: the median weekly house rent is $690 (NSW rental bond data (postcode 2502), June 2026) against the median house price of $865,000 (NSW Valuer General, calendar 2025). The median house price rose 5.5% over 12 months on the same NSW Valuer General figures. Whether Lake Heights is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Lake Heights postcode?
- Lake Heights is in the 2502 postcode, in NSW, in the Wollongong City Council region.
- Where is Lake Heights?
- Lake Heights is a suburb in the Wollongong City Council area, NSW 2502.
- What is the average rent in Lake Heights?
- The median weekly rent for houses is $690, for units it's $500.
- What schools are in Lake Heights?
- There are 20 schools serving Lake Heights on this page, including Lake Heights Public School, Warrawong High School, Berkeley Public School.
- How walkable is Lake Heights?
- Lake Heights has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 100.
- What suburbs are near Lake Heights?
- Lake Heights is close to Cringila, Warrawong, Primbee, Kemblawarra, Berkeley.
- What is the population of Lake Heights?
- The population of Lake Heights is approximately 4,105 (2021 Census). The median age is 36.
Selling in Lake Heights? Get the free selling guide
What selling costs, how agents price homes, what to ask them and a 12-week plan to settlement, personalised to Lake Heights. A free PDF, in about a minute.
More on Lake Heights and nearby
Lake Heights
Nearby suburbs
Compare side by side
Selling in NSW
Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.