Lake Heights NSW 2502
Lake Heights is in Wollongong LGA, NSW, postcode 2502, with population 4,105.
Strong evidence
Lake Heights has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Lake Heights has usable rent context. Postcode-derived rent for 2502. Multiple suburbs can share this rental market signal.
Open matching rent ranking →1,029 latest-year approvals in Wollongong, +0.0% YoY; population +1.0% YoY (0.8% 5yr).
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Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Rent context available
Lake Heights has usable rent context. Snapshot rent $555/wk.
Postcode-derived rent for 2502. Multiple suburbs can share this rental market signal.
Lake Heights has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
Hospitals
Lake Heights currently reads as a livability-led candidate.
Transport coverage adds a practical access signal. No major decision caution is visible from the current evidence layer.
Compare it against a contrasting suburb before turning it into a decision.
Transport coverage adds a practical access signal.
No major caution is visible beyond the normal source checks.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Lake Heights NSW
Lake Heights is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2502). With a population of 4,105, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $71K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Italian.
The median house price in Lake Heights is $865,000, having dipped slightly 2.8% over the past year. Units have a median price of $875,000 (+43.4% YoY). The current median weekly rent is $555. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,950.
Lake Heights is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
From an investment perspective, Lake Heights offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($865K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved -2.8% year-on-year. Population growth of +1.0% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Lake Heights is a smaller suburb in New South Wales within the Wollongong local government area (postcode 2502). With a population of 4,105, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $71K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Italian.
The median house price in Lake Heights is $865,000, having dipped slightly 2.8% over the past year. Units have a median price of $875,000 (+43.4% YoY). The current median weekly rent is $555. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,950.
Lake Heights is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
From an investment perspective, Lake Heights offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($865K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved -2.8% year-on-year. Population growth of +1.0% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Lake Heights FAQ
Common questions-
What LGA is Lake Heights in?
Lake Heights is in the Wollongong Local Government Area, NSW, postcode 2502. Council-level context for Wollongong LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Lake Heights?
The current median house price in Lake Heights, NSW is $865K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Lake Heights?
The median weekly rent in Lake Heights is $555/wk, based on the current market rent dataset. The current rent signal is rent context available.
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What does the rent signal say about Lake Heights?
Rent context available: Lake Heights has usable rent context. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Lake Heights a good investment?
QuickProperty's investment signals for Lake Heights show: Moderate Yield, Below Median, Stretched. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Lake Heights?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Lake Heights data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.