Suburb Profile Report for Iluka WA (6028)

Iluka House: Median price $844,500, Annual capital growth 3.24%, Number of sales 80, Weekly median advertised rent $650

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

Source: CoreLogic

  • House Report
  • Expert Report

Giving property investors a an unimpressive capital gain of 0.54% for the last year, Iluka, 6028 is the 2803th highest performer in Australia in this respect.

While Iluka,6028 ranked number 202th in WA for increase in median house value (annualised) increase, it is ranked 128th over the last 5 years.

Vendor discounting in Iluka is giving property investors an average Vendor Discount of around -5.64%. This puts suburb at number 362th in WA when ranking the most discounted suburbs.

Residents and property investors in Iluka have been waiting around 103.34 days to sell a property.

Using the current median advertised rental of $650 and the average annual increase in value of a median property of 3.24%, investors should hope to achieve an overall return of 4.00%

Robyn Nesbitt Information supplied by:

Robyn Nesbitt
Best Benchmark Property Management

M 08 9301 1111
O 0421 640 636

W www.benchmarkpm.com.au
E robyn@benchmarkpm.com.au
Iluka, meaning “near the sea”, screams prestige with its perfectly manicured verges, parks, and properties. It has only reached its development maturity in the last few years and there is still building being completed on the Burns Beach side. Mansions dot the ocean front and plenty of substantial two storey $1-2+ million bracket homes throughout the suburb. Iluka may not have the facilities of its next-door suburbs, but it has a quiet “neighbourhood” feel with high quality housing reflected in the high median house price.
Full summary

Iluka, meaning “near the sea”, screams prestige with its perfectly manicured verges, parks, and properties. It has only reached its development maturity in the last few years and there is still building being completed on the Burns Beach side. Mansions dot the ocean front and plenty of substantial two storey $1-2+ million bracket homes throughout the suburb.  Iluka may not have the facilities of its next-door suburbs, but it has a quiet “neighbourhood” feel with high quality housing reflected in the high median house price. 

Selling points: 
The very picturesque Sir James McCusker park forms the centrepiece of the suburb where weddings, carols by candlelight, movies and other events are regularly held alongside the two ponds with beautiful water features and swans. There’s a cricket, football and bowling club, as well as the coastal path running the whole length of the suburb. Its outdoorsy, sense-of-community feel just on the ocean side is its selling point. It’s hard not to have an active lifestyle in this suburb! 

Most sought-after properties: 
Iluka is comprised of houses, some on cottage blocks, but all a minimum of 185sqm. The majority are 4 bedroom + homes. Executive living style with either option, both housing styles attract families, empty-nesters and retirees alike.

Recent changes: 

Whilst still in the final development stages, the City of Joondalup do a fantastic job of assuring the verges, parks, and trails are well maintained on a regular basis. Also, most recently, the reserve near the end of Shenton Avenue has been upgraded with toilet facilities and barbeques just a stone throw away from the beach. 

Best streets: 
The northwest section of Iluka, closer to Burns Beach, is mainly newer homes but there’s underground power throughout and any street could be seen as favourable as the other. 

Public transport: 
Buses service Iluka to connect passengers to the main hubs at Joondalup and Currambine train stations. From here, take the 30 minute train along the Mitchell Freeway into Perth CBD.

Main arteries: 
Shenton Avenue to the south and Burns Beach Road to the north all run west to east and connect to the freeway.  Delgado Parade is the main thoroughfare within the suburb with four lane Marmion Avenue and the scenic coastal drive of Burns Beach Road running parallel along the border connecting to neighbouring suburbs.

 

Close
HOUSE UNIT
$844,500 N/A
-1.08% N/A
0.54% N/A
3.24% N/A
$650 N/A
80 N/A
4.00% N/A
103.34 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Iluka WA
Demographics
Total population 4560
Median household income ($/weekly) 2595
Median age of persons 39
Median housing loan repayment ($/monthly) 2500
Average household size 3.3
  • Census Count Percent(%)
    5-14 years 794 17.4
    15-19 years 525 11.5
    35-44 years 767 16.8
    45-54 years 1016 22.3
    55-64 years 450 9.9
    Others 1009 22.1
    Age Group
    Census Count Percent(%)
    Registered Married 2179 64.9
    Not Married 1049 31.3
    Defacto Relationship 127 3.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2039 46.0
    Italy 92 2.1
    South Africa 343 7.7
    United Kingdom 1348 30.4
    Other 189 4.3
    Others 424 9.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 1.0
    Christianity 3452 78.9
    Islam 32 0.7
    Other Religious Groups 48 1.1
    No Religion 780 17.8
    Others 20 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 117 10.1
    $2,000-$2,499 125 10.8
    $2,500-$2,999 238 20.5
    $3,000-$3,499 163 14.0
    $4,000 or more 144 12.4
    Others 374 32.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1603 46.0
    Not in the labour force 839 24.1
    Employed, worked part-time 834 23.9
    Employed, away from work 109 3.1
    Unemployed, looking for work 103 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 436 17.1
    Professionals 573 22.5
    Technicians & trades workers 378 14.9
    Clerical & administrative workers 425 16.7
    Sales 280 11.0
    Others 452 17.8
    Occupation
    Census Count Percent(%)
    Pre-school 59 4.1
    Infants/Primary 509 35.5
    Secondary 491 34.2
    Technical or Further Educational Institution 80 5.6
    University or other Tertiary Institutions 270 18.8
    Others 25 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4314 98.4
    Caravan, cabin, houseboat 69 1.6
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 815 60.0
    Fully owned 435 32.0
    Rented 108 8.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals