Koonawarra at a glance
3,672
People
$842,000
Median sale
$589/wk
Median rent
3.64%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
NSW › Koonawarra › Walbon Cres
$835,000
Last sold
5 Feb 2026
3
Bedrooms
1
Bathrooms
3
Car spaces
684 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
No verification items generated for this record.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$835,000
5 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Koonawarra (last 5 years) with land size have a median of $1,238/m² of land (n=98). Districts calculation from recorded sales — not a valuation.
Koonawarra at a glance
3,672
People
$842,000
Median sale
$589/wk
Median rent
3.64%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Vs Koonawarra
-0.8%
Median sale
Suburb $842,000
+0.03 pp
Gross yield
Suburb 3.64%
Suburb median $842,000 from 24 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Wollongong Local Environmental Plan 2009
Zone
Low Density Residential
R2
Jurisdiction
Wollongong
Wollongong, NSW
Not detected
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer was queried and no heritage listed area was detected on this parcel (NSW ePlanning Spatial Viewer, retrieved 30 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWZoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 692 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. If the dual occupancy pathway survives a planner’s check, this lot can outperform a same-suburb house that is hold-as-is only. That is not a forecast. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $589/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
This looks more compelling as a land / capital-growth play than a pure yield play — if the dual occupancy pathway survives a planner’s check.
Detail
Zoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 692 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Achieved rent for this address has not been inferred. Gross yield on advertising copy is not the deal.
Nearby DA pipeline is unknown, so neighbourhood change is not in this verdict.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
4 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 692 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 692 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
KnownmediumNo development applications were returned for this parcel. That is not a statement about nearby lots.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Koonawarra at a glance
3,672
People
$842,000
Median sale
$589/wk
Median rent
3.64%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Stone Real Estate IllawarraTucked away, private and packed with potential
Privately positioned in an elevated setting, this much-loved family home is a true surprise package, offering character, comfort and exciting scope to add serious value. Perfectly liveable as it is, with original kitchen and bathroom, this is an ideal opportunity for young families or renovators looking to make their own mark over time.
Set back from the street and surrounded by established gardens, the home instantly feels like a peaceful retreat from the day-to-day hustle, while still having effortless proximity to schools, shops, childcare, public transport and the Lake Illawarra foreshore.
Inside you will find adaptable living spaces, a flexible floorplan and beautiful outlooks that stretch across Lake Illawarra to the Illawarra Escarpment – views you'll never tire of. Whether you're entertaining, relaxing with family or planning future updates, the potential here is undeniable.
This is a home where memories are made – summer BBQs on the balcony, kids playing safely in the yard, afternoons spent tinkering in the workshop and quiet evenings enjoying the view with a drink in hand.
Comfortable, welcoming and full of promise, this is a rare opportunity to secure a solid family home with so much potential in a tightly held location. Move straight in, enjoy the lifestyle and renovate at your own pace to create something truly special. An absolute must for your shortlist.
- Three bedrooms, two with built in wardrobes
- Original sun-filled kitchen with stainless steel appliances and lake views, ready to enjoy now or transform later
- Two flexible living areas to adapt to family life
- Lounge room with reverse cycle air conditioning and convenient access to the laundry area/second toilet
- Open plan second living area ideal for families
- Original bathroom with shower over bath, toilet and single vanity
- Large elevated decked balcony with power, lighting and gas – perfect for entertaining while soaking in the breathtaking views
- Private front and rear yards with manicured gardens and fruit trees, plus plenty of space for kids and pets
- Large garage/workshop with power and lighting, and extensive under house storage – ideal for tradies, hobbyists or weekend projects
- Off street parking for a caravan, boat or additional vehicles
The below rates are provided as a guide:
Council rates $485.93pq approx.
Water rates $199.68pq approx.
Listing description written by Jamie Pereira, Stone Real Estate Illawarra — reproduced as published, not verified by Districts.