Suburb Profile Report for Iluka NSW (2466)

Iluka House: Median price $402,000, Annual capital growth 1.90%, Number of sales 58, Weekly median advertised rent $400

Iluka Unit: Median price $311,000, Annual capital growth 7.32%, Number of sales 28, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 1210th in the list of Australian suburbs ordered by increase in median house value over the last year, Iluka, 2466 is in the top 30% with a property value increase of 10.14% recorded in median house prices.

Across a shorter period, Iluka, 2466 has seen a median price increase of 7.20% over the last quarter.

Vendor discounting in Iluka is giving property investors an average Vendor Discount of around -6.54%. This puts suburb at number 314th in NSW when ranking the most discounted suburbs.

At number 43th in the list of Australian suburbs ordered by increase in median house value over the last year, Iluka, 2466 is in the top 10% with a property value increase of 30.95% recorded in median house prices.

Property investors looking for a bargain in Iluka should be aiming for at least -3.28% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Iluka the average time real estate has been on the market is 134.53 days.

Iluka, 2466’s gross rental yield is 5.85%

Metrics i HOUSE UNIT
$402,000 $311,000
7.20% N/A
10.14% 30.95%
1.90% 7.32%
$400 $350
58 28
5.17% 5.85%
136.07 134.53

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1702
Median household income ($/weekly) 578
Median age of persons 57
Median housing loan repayment ($/monthly) 996
Average household size 2
  • Census Count Percent(%)
    35-44 years 152 8.9
    45-54 years 203 11.9
    55-64 years 330 19.4
    65-74 years 324 19.0
    75-84 years 215 12.6
    Others 477 28.0
    Age Group
    Census Count Percent(%)
    Registered Married 699 52.5
    Not Married 503 37.8
    Defacto Relationship 129 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1496 91.8
    New Zealand 8 0.5
    Papua New Guinea 24 1.5
    United Kingdom 69 4.2
    Other 13 0.8
    Others 19 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1257 79.1
    No Religion 311 19.6
    Buddhism 11 0.7
    Other Religious Groups 10 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 110 15.5
    $400-$599 192 27.0
    $600-$799 103 14.5
    $800-$999 86 12.1
    $1,250-$1,499 46 6.5
    Others 174 24.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 947 67.2
    Employed, worked full-time 192 13.6
    Employed, worked part-time 176 12.5
    Unemployed, looking for work 51 3.6
    Employed, away from work 44 3.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 65 15.7
    Community & personal service workers 59 14.2
    Clerical & administrative workers 45 10.8
    Sales 61 14.7
    Labourers 79 19.0
    Others 106 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 26 10.5
    Infants/Primary 85 34.3
    Secondary 83 33.5
    Technical or Further Educational Institution 29 11.7
    University or other Tertiary Institutions 16 6.5
    Others 9 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1186 75.3
    Semi-detached, row or terrace house, townhouse 130 8.3
    Flat, unit or apartment 133 8.4
    Caravan, cabin, houseboat 92 5.8
    House or flat attached to a shop, office 30 1.9
    Others 4 0.3
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 396 51.9
    Rented 261 34.2
    Being purchased 89 11.7
    Other tenure type 17 2.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals