Iluka

POSTAL CODE: WA, 6028
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 65.99% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,635,000

The augmented property values in the suburb are trailing above the territorial average of 13.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1300.

Home owners selling their properties and realtors in ILUKA usually have to wait an average of 21.6 days days before their assets are lifted off the market.

The WA suburb ranks 243rd on the list of best yielding suburbs for rental properties in WA, posting a 4.13% return.

It also places places 80th in Australia based on median property value growth during the quarter.

Surburb overview

Iluka, located approximately 32 kilometres north of Perth's central business district, is a coastal suburb within the City of Joondalup in Western Australia. Established in the 1990s, the suburb spans an area of about 2.5 square kilometres and is bordered by Burns Beach to the north, Currambine to the east, Ocean Reef to the south, and the Indian Ocean to the west. 

As of the 2021 census, Iluka had a population of 5,265 residents, with a median age of 42. The community comprises a mix of families, professionals, and retirees, contributing to a diverse demographic profile. 

Public transportation in Iluka includes several bus routes connecting to the Joondalup Line via Currambine and Joondalup railway stations, facilitating access to Perth and surrounding areas. Major bus routes serving the suburb include routes 471 and 473. 

The suburb offers essential amenities, including the Iluka Plaza, which features a variety of stores such as a supermarket, pharmacy, and dining establishments. Residents can access the nearby Currambine Central Shopping Centre and Lakeside Joondalup Shopping City for more extensive shopping needs. Nearby educational facilities include Beaumaris Primary School and Currambine Primary School, catering to students from kindergarten to year six. Secondary education options are available at Ocean Reef Senior High School and Prendiville Catholic College. 

Recreational activities highlight Iluka, notably the pristine Iluka Beach, which offers swimming, fishing, and picnicking opportunities. The suburb also features several parks and green spaces, such as Sir James McCusker Park, providing residents with venues for outdoor activities and community events. The Iluka Sports Complex also serves as a hub for various sports clubs, including football, cricket, and hockey. 

Iluka's combination of coastal living, accessibility, and community amenities contributes to its reputation as a desirable suburb within the Perth metropolitan area. 

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