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Iluka

Suburb Profile

Iluka - FREE 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.

Investors saw the median home price rise to $444,000.

Profits due to an upward trend in home prices in the suburb averaged 7.08% per annum over a 3-year period.

ILUKA now ranks at the 515th 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 $390 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 122.3 days.

In 2016, 32 properties were sold in ILUKA during the past year, making it the 605th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $444,000 $315,000
GROWTH REPORT
Median Quarterly -0.22% 0%
Median 12 month -6.53% 3.28%
Median 3 years 21.23% 2.44%
Median 5 years 26.86% 21.15%
10 years average annual 2.07% 2.15%
Weekly media advert. rent $390 $300
Time on Market 122.3 days 0.0 days
Gross Rental Yield Percent 4.57% 4.95%
demographics (median values)
Total Population
1742
Weekly Household Income
519.1
Household Size
2.10
demographics
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