Warilla vs Lake Illawarra.
Comparing two suburbs with median house prices of $845,000 and $892,500.
Warilla (median $845,000) is roughly 5% cheaper to buy into than Lake Illawarra ($892,500). Over the past year, Lake Illawarra (+6.8%) ran 3.8 percentage points ahead of Warilla (+3%) on house-price growth.
Warilla scores higher on walkability (40/100 vs 32/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Lake Illawarra (965) sits above Warilla (964).
For buyers
Warilla is the lower entry point at $845,000 median, 5% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Investors face a yield-versus-growth split: Warilla delivers the better gross yield (4.31% vs 4.08%), but Lake Illawarra has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
For families
Lake Illawarra edges out on average school ICSEA (965 vs 964).
Common questions
Is Warilla or Lake Illawarra cheaper to buy in?
Warilla has the lower median house price at $845,000, roughly 5% below Lake Illawarra ($892,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Warilla or Lake Illawarra?
Over the past 12 months, Lake Illawarra grew +6.8% vs +3% in Warilla, a gap of 3.8 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Warilla or Lake Illawarra have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Lake Illawarra scores 965 vs 964 in Warilla. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Warilla or Lake Illawarra?
Warilla scores 40/100 on walkability vs 32/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Warilla or Lake Illawarra?
Gross rental yield on houses is 4.31% in Warilla vs 4.08% in Lake Illawarra. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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