Ilarwill (postcode 2463) is a sparsely populated locality in New South Wales within the Clarence Valley local government area. It is home to about 233 residents, with a mature demographic and a median age of 52. Households earn a median income of $60K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, community & personal service, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
The median house price in Ilarwill is $650,000, having declined steeply by 11.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,300.
Public transport access includes 7 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
From an investment perspective, Ilarwill shows a gross rental yield of approximately 4.8%, rated as moderate yield. Property prices sit below the state median ($650K/$1.5M), which can point to relative value. The price-to-income ratio of 10.8x is considered stretched. House prices have moved -11.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.