Ilford (postcode 2850) is a quiet locality in New South Wales within the Mid-Western Regional local government area. It is home to about 165 residents, with an older-leaning population and a median age of 53. Households earn a median income of $49K per year, with an average household size of 2.3 people. 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 technicians & trades, managers, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Scottish.
Ilford has a median house price of $1.1 million, which has climbed sharply by 109.4% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,062.
Ilford is served by 1 school, including 1 primary. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices sit below the state median ($1.1M/$1.5M), which can point to relative value. The price-to-income ratio of 21.8x is considered stretched. House prices have moved +109.4% year-on-year.