Iluka

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.

Investors saw the median home price rise to $800,000.

Profits due to an upward trend in home prices in the suburb averaged 2.46% per annum over a 3-year period.

ILUKA now ranks at the 1052nd 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 $600 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 94.5 days.

In 2016, 53 properties were sold in ILUKA during the past year, making it the 347th most active market in NSW based on total real estate transactions.

ILUKA ranks 508th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

ILUKA, 2466 has a capital gain of 10.25% for the past year, which is lower than average compared to its 67.01% growth within a five-year period.

With the median home price in ILUKA sitting at $559,500, and the average rent at $430, property owners could potentially earn a 4% increase in gross rental yield.

Property investors have seen a 1.91% gain in ILUKA based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on ILUKA, 2466 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.25%.

A survey of average capital gains or median home price increase in suburbs across the country shows that ILUKA, 2466 obtained a 12.06% growth over a ten-year period. It ranks 1575th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$800,000	$559,500
Growth Report
Median Quarterly	-0.93%	1.91%
Median 12 month	-2.63%	10.25%
Median 3 years	7.38%	0%
Median 5 years	46.79%	67.01%
10 years average annual	8.86%	12.06%
Weekly media advert. rent	$600	$430
Time on Market	94.5 days	110.8 days
Gross Rental Yield Percent	3.9%	4%

Demographics (Median Values)*

Total Population 1730

Weekly Household Income 723

Household Size 1.90

Average 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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