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Iluka
AREA REPORTS

Iluka

Iluka - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2466

house
unit

ILUKA, 2466 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling ILUKA, 2466 values up and netting property investors a capital gain of 26.32% for the past year.

Investors saw the median home price rise to $660,000.

Profits due to an upward trend in home prices in the suburb averaged 17.24% per annum over a 3-year period.

ILUKA now ranks at the 513th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in ILUKA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $565 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ILUKA, homes and units usually stay on listing for an average of 75.0 days.

In 2016, 48 properties were sold in ILUKA during the past year, making it the 416th most active market in NSW based on total real estate transactions.

Data report can be found below

Iluka
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $660,000 $412,500
GROWTH REPORT
Median Quarterly 6.71% 19.57%
Median 12 month 26.32% N/A
Median 3 years 51.72% 37.5%
Median 5 years 92.7% 24.06%
10 years average annual 6.73% 5.64%
Weekly media advert. rent $565 $360
Time on Market 75.0 days 0.0 days
Gross Rental Yield Percent 4.45% 4.54%
demographics (median values)*
Total Population
1730
Weekly Household Income
723
Household Size
1.90
Age
62
Monthly Loan Repayment
1205
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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