7/3 Commerce Dr, Lake Illawarra is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 1949m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in August 2024.
Experience effortless coastal living at 7/3 Commerce Drive, Lake Illawarra, located a mere 1 minute stroll to the beautiful Warilla Beach through the Tom Wyatt Park walkway or only one street away by car. This inviting two-bedroom unit boasts practicality and comfort, featuring bedrooms with built-in wardrobes, a combined living and dining area perfect for everyday relaxation, and a well-equipped kitchen including a dishwasher. This home is the perfect opportunity to enter the housing market for a first home buyer or a great investment opportunity.
Outside through glass sliding doors, a paved courtyard awaits, ideal for entertaining or enjoying barbecues with friends. Adding to its appeal, this home offers secure parking with an oversized single garage with remote control access, a kitchenette and rear access through a roller door which increases the entertaining area out to the back courtyard. The unit also includes an internal laundry with an additional toilet.
Lake Illawarra is a family friendly coastal suburb within an easy walk or drive to everything the region has to offer including; Warilla Grove Shopping Centre, bus stops, train stations, Stocklands Shopping Centre and movie precinct, Shellharbour Hospital, Shellharbour Village, Shellharbour Waterfront Marina and local schools. Wollongong is only a 20 minute drive away, 15 minutes to Kiama and 20 minutes to Jamberoo Action Park. The new Shellharbour Airport is nearby in Albion Park and only a 1 hour drive to the Southern suburbs of Sydney.
The size of Lake Illawarra is approximately 2.1 square kilometres. There are 11 parks, covering nearly 24.0% of the total area. The population of Lake Illawarra in 2016 was 3163 people. By 2021 the population was 3288 showing a population growth of 4.0% in the area during that time. The predominant age group in Lake Illawarra is 60-69 years. Households in Lake Illawarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lake Illawarra work in a trades occupation.In 2021, 47.60% of the homes in Lake Illawarra were owner-occupied compared with 46.80% in 2016.
Lake Illawarra has 2,055 properties. Over the last 5 years, Houses in Lake Illawarra have seen a 35.98% increase in median value, while Units have seen a 27.42% increase. As at 31 July 2026:
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